You sure got that right.
Now that the economic rape of the middle class is just about complete, we can talk about "cures," enforcing regulations already on the books, and the evil shorts.
The powers that be have known this BS has been going on the whole time. Guess it's about time to "close the barn door."
Short selling is the root cause of most market ills imo.
The liars tell us with a straight face how they are serving a "vital" market function to expose poorly run companies and such crap.
Bull Chit.
The market if allowed to function will do the same thing.
If you think the company is good you buy the stock.
If you think the company sucks, you don't buy the stock.
Pretty simple, and achieves the same end ... on a level playing field. No lies, no rumors, no bashers, just normal market forces.
The notion that any person or organization has the right to short any security, without scrutiny or supervision, is flat out wrong.
Where is it written that they have the right to "borrow" shares to short in the first GD place?
That's the ultimate irony. The bastards use MY stocks, to enrich THEIR pockets, and by so doing, destroy MY investment.
IMO the SEC should backtrack the records and expose those who violated the naked shorting rules (such as they are) and enforce fines and or penalties on their ill gotten gains.
Let THAT fund the AIG bail out.
GLTA !!
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