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Re: moneynmetals post# 23018

Thursday, 09/18/2008 3:33:06 PM

Thursday, September 18, 2008 3:33:06 PM

Post# of 118239
Look who else wants to ban short selling now hahaha..

The rule would be designed to ensure transparency in short-selling in general, beyond the practice of naked short-selling, Cox said in a statement issued Wednesday night. Investment managers with more than $100 million holdings in securities would be required to promptly begin public reporting of their daily short positions.

Sens. Charles Schumer and Hillary Clinton, New York Democratics, asked the SEC to temporarily ban all short-selling, not just naked short-selling, of stocks of major financial companies.

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