ES Journal Archive (2006 - 2008)

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Quote from wave:

Holy crap, caught and persecuted for short selling. OMG!
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Is it actually illegal to short? Or is it just proposed? Confused on if it is a proposal or actual regulation.
 
Quote from jagmot:

Is it actually illegal to short? Or is it just proposed? Confused on if it is a proposal or actual regulation.
More...


http://biz.yahoo.com/cnnm/080919/091908_sec_short_selling.html


"The U.S. Securities and Exchange Commission took what it called "emergency action" on Friday and temporarily banned investors from short-selling 799 financial companies.
The temporary ban, aimed at helping restore falling stock prices that have shattered confidence in the financial markets, takes effect immediately."
 
Quote from gwac:

they will find someone just to justify things...

Quote from wave:

Holy crap, caught and persecuted for short selling. OMG!
More...
More...
What fucking justification? They're literally throwing out the rules that's been around for over 100 years!
 
I think the shorts are right about the Financial Institutions Balance Sheets. I do not think they should be allowed to destroy or freeze up or whatever you want to call the whole financial system.

Time is needed to find a solution to this problem and killing off 75% of the financial Inst is not the answer even though they may deserve it....
 
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