WaltB

Are Short Sellers to Blame for the Financial Crisis?

Excessive shorting of weak financials is like tripping the elderly. Financial shorting may have been legal but is it moral? Because of the well known interconnectedness of the financials and cross agreements, when you short one out of business you are doing it to us all. We learned that this week. So, find some other industry to short.

Excessive shorting of financials could finish us all off and take down the global economy. Even the banks and brokerages that the short seller keeps his funds won’t be able to pay up.

We need to restore the uptick rule right now to insure the game stays fair. And, perhaps, we need a double uptick rule for financials.