The Case of the Exploding Heads: Regulators Race to End Short Selling

Christopher Cox, chairman of the US Securities and Exchange Commission, has an excuse. He is an attorney and a politician and has the moral compass and market comprehension for which that sub-genus is held in such high regard. Hector Sants, chief executive officer of the UK’s Financial Services Authority, has none: he actually worked in capital markets, if working for Credit Suisse (CS) and its predecessors meets that standard.

Barry?

We are a nation of morons,
led by complete idiots, 
making us complicit in 
our own self destruction.

FSA bans shorting of financials

by Paul Murphy

FT Alphaville Sep. 18 2008

SEC Plans to Temporarily Ban Short-Selling

by Kara Scannell and Deborah Solomon

The Wall Street Journal Sep. 18 2008

SEC: Ban all short selling

by Barry Ritholtz

The Big Picture Sep. 18 2008

Comments

[williambanzai7:]

Cox has turned the SEC into the House of the Rising Sun

2008 Sep 19 11:31 PM

[williambanzai7:]

From The Soundtrack : Ghostbusters (1984)


SHORT Busters…


If there's somethin' strange on your balance sheet
Who ya gonna call (shorttbusters)
If it's somethin' weird an it don't look good
Who ya gonna call (shortbusters)

(Lehman) I ain't afraid a no shorts
(AIG) I ain't afraid a no shorts
If you're seein' CDO's ruinin' your networth
Who can you call (shortbusters)
An' invisible trade dragging down your spreads
Oh who ya gonna call (shortbusters)
(Merrill) I ain't afraid a no shorts
(Bear) I ain't afraid a no shorts
Who ya gonna call (shortbusters)
Morgan Stanley: If you're all alone pick up the phone
An call (shortbusters)

(Paulsen) I ain't afraid a no short
I hear it likes Goldman
(Goldman) I ain't afraid a no shorts
Who you gonna call (short busters)
Mm…if you've had a dose
Of a naked short baby
You better call short busters
(SEC Cox) Bustin' makes me feel good
(Bernanke) I ain't afraid a no shorts

2008 Sep 20 12:00 AM