Philly Jim

U.S. Rejects Nationalization of Citi and BAC

How about we just put responsible adults in supervisory positions, rather than political cohorts! The Bush administration was the greatest destructive force to our government in our nation's history. They systematically placed "know nothing" cronies in critical positions to govern and regulate the marketplace, not to mention almost every other aspect of our government. It was basically eight years of get-rich-quick scams on a massive scale, both in the public and private sectors!


On Feb 21 04:34 PM apppro wrote:

> What your headline should have read is:
> "US Rejects Short Sellers of Citi & BoA"
>
> This is what we need. Just stop the Shorting of America and things
> will work themselves out in a normal - rational - timely basis. Nothing
> will recover, nor will as they put it allow investors BACK into this
> market, as long as the rules are so bent by short sellers and no
> one is seeing the reality of it. All they can do is blame the CEO's
> and all those good people who are just trying to get things back
> to normal, so to speak.
>
> The 4 Golden Rules
>
> 1. Reinstate the Up-tick rule
>
> 2. Crack down on naked short selling
>
> 3. Institute some rules on what should be said on National TV to
> prevent rumor-mongering
>
> 4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales retroactive
> to 01/01/08.