July 17, 2008
I thought naked short selling was illegal, not only in financial equities but in all equities, debt instruments and futures contracts. If it is legal then it is not fair to the little guy and should be abolished. Also the cessation of the uptick rule was done to benefit the big brokers and bankers again leaving us small investors at a big disadvantage.
Having watched the action these many years I am confident that nothing will change for the better. Money is power and power is corrupting.
Very truly yours