July 9, 2008
It is obvious that SHO has failed. Just look at the SHO list. No enforcement. Why is Overstock still on there? Just because the company is named "Overstock" doesn't mean that shorts should be ALLOWED to oversell the stock.
SHO shouldn't even be needed in the first place if the SEC would just do it's enforcement job. Over selling stock is tantamount to counterfeiting. Plain and simple.
The American people and the world as a whole are losing confidence in the US Markets. The SEC has made it a play ground for crooks. Fix it please.