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Replies to #4723 on Stock Room
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roger wilco

05/08/09 10:27 AM

#4724 RE: PanicButton #4723

Simply amazing John Q Public picks up the bill again..
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PanicButton

05/08/09 11:46 AM

#4728 RE: PanicButton #4723

this quote from the video sheds quite a bit of light on the SEC's incentive to not regulate.

"The reason for SEC indifference (to naked short selling) is that only big wall street players even have the ability to naked short. And as it happens SEC staffers dream of jumping ship to work for big wall street players not small public companies. This creates a certain "disincentive" to SEC regulatORS, regulatING, as doing so would negatively impact their career prospects.