On Fri, 19 Sep 2008 07:15:34 -0400, Eisboch wrote:
Cris Cox (SEC Chairman) has temporarily suspended the practice of
selling short on Wall Street as of this morning. Good move.
Too bad it was he who did away with the long standing "Uptick Rule"
last year that banned naked short selling. He did so as an "experiment"
to see if the rule, in place since 1938, was really necessary.
The results of his experiment are obvious.
http://news.yahoo.com/s/ap/20080919/..._short_selling
Eisboch
Perhaps more deregulation?
http://www.nysun.com/business/ex-sec...ency-for-blow-
up/86130/