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Re: Bootz post# 79769

Sunday, 09/21/2008 10:49:20 AM

Sunday, September 21, 2008 10:49:20 AM

Post# of 147209
Yep, don't need no re-regulation

Just getting some that we have enforced would be a good start

“The SEC’s public data say that on any given day over the first three months of this year, there were more than one billion shares that had been sold and failed to deliver (within the allotted 3 days) and that 70% of those fails were concentrated in just 100 companies. That’s a real red flag for the SEC that naked short selling is very widespread, is highly concentrated, and consequently might be being used today to manipulate the price of scores of stocks.”

-Former Deputy Secretary of Commerce Robert Shapiro on CNBC

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