Posted by dodgerdog on 19th of Sep 2008 at 09:19 am
We have had Naked Shorting Rules on the books for 75 years yet
the SEC turned a blind eye while I saw hundreds of small and micro
cap companies shorted into the toilet. Why? Because these
major Wall Street firms propsered but now when there in deep
trouble they come flying in to the rescue. LEH didn't fail
because of Naked Shorting - it failed because of terrible decisions
made by management. Simply put, they deserved to FAIL.
Bad decisions need to have consequences.
Financials ARE the ones who do the naked shorting - this is too
ironic! This is a new level of thievery springing a shorting ban
with no notice. Everyone else's markets can tank, but not ours, the
creators of all this. No, not ours, cos we are God's people!
So apparently we can't even get out of the short funds if we
want to? I can't get IB fills on SDS either! Is it only
oddlots?
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Thoughts on SEC
Posted by dodgerdog on 19th of Sep 2008 at 09:19 am
We have had Naked Shorting Rules on the books for 75 years yet the SEC turned a blind eye while I saw hundreds of small and micro cap companies shorted into the toilet. Why? Because these major Wall Street firms propsered but now when there in deep trouble they come flying in to the rescue. LEH didn't fail because of Naked Shorting - it failed because of terrible decisions made by management. Simply put, they deserved to FAIL. Bad decisions need to have consequences.
DD, this is a replay
Posted by hornsant on 19th of Sep 2008 at 10:12 am
DD, this is a replay from the 1929 saga, remember who got discustingly rich then ?...JPM. This is a copy paste from 1929
Financials ARE the ones who
Posted by kreem on 19th of Sep 2008 at 09:58 am
Financials ARE the ones who do the naked shorting - this is too ironic! This is a new level of thievery springing a shorting ban with no notice. Everyone else's markets can tank, but not ours, the creators of all this. No, not ours, cos we are God's people!
So apparently we can't even get out of the short funds if we want to? I can't get IB fills on SDS either! Is it only oddlots?