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Hedge funds are already forced to disclose their long positions. They often short to hedge long positions. If they have to reveal both legs of their trade, it reveals their strategy. Strategies are proprietary (okay, sometimes they only <i>think</i> they're proprietary, but in theory all...

The AMT is nothing compared to the increase in deposit insurance. Mind that the FDIC in not funded for $250K guarantees and any payouts not currently funded (i.e. above $100K) to depositors of bankrupt banks will come straight from taxpayers. Not to mention that an increase in FDIC insurance...

Nitro, First, the short interest in the original 799 was only 6%. You're an options market maker, so I know you're good at math. How can a 6% interest drive down the stocks? Second, if they were serious about not shorting, then they would not have capitulated on the exemptions for...

LOL! Holy shit, that's true. Besides, think of the systemic risk if Zales goes down. Where would mall rats buy their diamond chips in solitaire settings? If CVS goes bankrupt we'd have to shop for shampoo at Walmart, the grocery store, Kerr Drugs, Rite Aid, Duane Reade, or the local bodega...

It takes at least $1million of capital, start-up costs and a prime broker willing to take you on as a customer (expect at least 3 months of due diligence by your potential prime broker). Your capital is locked up for a year and you get copious amounts of regulatory hassle and compliance. But...

Liquidity will be reduced even with these exemptions. Reduced liquidity is positively correlated with MORE not less volatility. Stocks will be less liquid, but more volatile. Good for market makers, sucks for everyone else.

Totally agree. And if we're going after people who directly caused this crisis, how about a clawback on the bribes Fannie & Freddie has paid to congressmen over the decades to pay for this? That would be a nice chunk of change. How about raising the tax rate on every member of congress to pay...

Zales Jewelry & CVS are finance stocks? Gimme a break

Well, we should all be very thankful that the Ministry of Price control extended the short ban restriction or the market may have gone down today. Incidentally, as there are no barriers to entry to this little list, 20% of U.S. stocks are now on it.

We'll see how much they think that when they have to cross a 2% spread to trade in addition to this little tax idea. Listen, all. I wouldn't get my knickers in a twist over this. De Fazio is an idiot with moronic delusions of grandeur so common to the average political muppet. Last night...

Liquidity will be reduced even with these exemptions. Reduced liquidity is positively correlated with MORE not less volatility. Stocks will be less liquid, but more volatile. Good for market makers, sucks for everyone else.

Yeah, but that still pisses me off. Exempting b/d's, MM's, etc. is just creating economic rents for pros at the expense of customers. And I'm just arrogant enough to think that I can make money without the playing field being tilted in my favour. In the end, taxes create a drag on the...

I totally agree with you, Red Ink.

I've checked with a few trading companies. Nobody has heard of this. Rumours like this used to spread like wildfire on trading floors. Perhaps this is just a false rumour. A Senator can propose anything he wants, doesn't mean it'll make it into the bill and doesn't mean it'll pass as an...

That's what I'm sayin'. We are a banana republic. Get out your grass skirts!

Nitro, if Zero is the right price for a security, then why should it be prevented from reaching zero? If you think it shouldn't be zero, then buy it. Short interest was only 6% in the 799 that were put on the short ban list. Explain to me how that tiny amount of short interest could drive...

Yes, the Ministry of Price Controls will extend the ban. Because there are no barriers to entry to the short ban list, it will grow to include practically everything. However, the SEC doesn't have the legal authority to institute an emergency action for more than 30 days, so it will expire...

Yeah, well small businesses mean that that the plebes get to decide what to do for themselves. No five year plans. No "voluntary" national service. No detailed control of where people work, live, what they eat, how many kids they could have. Obama doesn't like that. How could he have any...

fucking morons. I don't see anything like this in the final bill they're supposed to vote on today, but it's just the sort of idiocy only a Washington asshole could dream up.

dont I don't know what mechanism it is but when I execute a short sale it is marked as such. When there is a short sale ban, it doesn't matter if you can borrow the stock and deliver. All that matters is that the trade was a short sale to begin with and then Cox will come along and throttle...