Quote from flytiger:
I am the last person to defend the criminals running the 19 chosen. Look at the UBS news. The execs knew they wre illegally avoiding US taxes for it's clients.
However, if the law were enforced, then, the shorting would, to a degree, be limited to available borrowable shares. The rightly owners of those shares would be compensated. And the Captains of the respective Titantics would be able to raise some more capital to try and survive. Whatever is going to happen will take its course, BUT IN DUE TIME. NOT A NEW YORK MINUTE. I didn't say they deserve to survive. IMO they are scum. But my opinion doesn't matter.
Look at it like this. If Grandma gets a cough, you give her a chance to recover. You don't smother her with her pillow and leave a good looking corpse.
Stop using bad logic. And on the topic of Crisis Mgt, this just hit.
10:29 NYX NYSE Euronext Regulation and FINRA announce agreement with ten U.S. exchanges to strengthen surveillance, investigation, and enforcement to prevent insider trading (41.99 -0.03)
I'd call'e m assoles, but all the real assholes would be offended.