respectfully disagree with you. This is not too complicated to figure out.
The SEC, and Chairman Cox are responsible for this financial disaster by eliminating the up-tick rule.
Sounds to simple? Perhaps, but look at Bear Sterns, LEH, FNM, FRE and now AIG. The naked short sellers drove these stock prices to the abyss, to the point where the companies could not acquire new capital because their share price was to low! Kind of like the tail wagging the dog.
The SEC must place the up-tick rule back in full force and effect.
Recent AIG News
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/18/2024 08:51:41 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:49:31 PM
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- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 06/11/2024 08:16:49 PM
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