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Cramer is reporting that there is a cabal of hedge funds trying to break MS, GS and other financials.

The naked short rules don't seem to be having much effect.

Economist recounts talk with Fed chairman By Joshua Boak | Chicago Tribune reporter September 17, 2008 NAPLES, Fla. — Several months ago, economist David Hale had a private meeting with Federal Reserve Chairman Ben Bernanke, who was trying to ward off a recession by lowering interest...

Asia usually just follows.

Anyone have a count on how many trading careers ended today? :D

This is basically what I was saying. WTF are you arguing about?

Libor dropping, rate spreads dropping.

Following a similar pattern to the day before the financial naked short rule went in. Close at the lows.

Another hammer on MEE. Wait for it. Another stock with naked shorts? :)

Still watching POT? Think there are any naked short sellers there? :)

Sorry, I meant links to reputable sites like the SEC, DoJ, etc. Let's see them.

While you're at it why don't you post links to any SEC enforcement actions against naked short sellers?

Since you seem to know all about it where's the link?

The option MMs must be going crazy right now.

Remember what happened to the financial stocks the day before the SEC decided to enforce the naked short selling rules on them? The shorts drove them down as far as they could and it was straight up from there for a while.

This is a typical SEC enforcement. Disgorgement, injunctive relief, civil penalties and interest. The penalties are negligible compared to the potential rewards of not being caught. I see no criminal charges or jail time in a cell where Bubba wants them to be his girlfriend. They need...

So what's the penalty for this: Rule 10b-21 - Short Selling Anti-Fraud Rule The SEC needs some criminal felony heavy jail time penalties if it's going to work. Or what's the penaltes for any of the other naked short selling rules for that matter? All I see are more rules and no...

Gotta say that Luskin guy is a loon.

rock solid.

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