Nikola

Why Punish the Whistle Blower?

Well, the short sellers didn't prevent the financial crises anymore than the alphabet soup did.

They did seem to make the financial crises worse. Like a pendulum, the market went from overbought to oversold very quickly.

My opinion is that assuming this short selling ban is temporary (as in 6 months to a year max), it will help.

You can't leave everything to the market, because the market has the capacity to commit suicide. Just like sometimes you have to commit people to a mental institution for a period of time for their own good so they don't do something irreversibly stupid, the short sellers -- normally a good thing -- had to be sidelined for a while so the market doesn't ... really... stop existing.

Those of you who think "the rich bastards deserved it" should know that there would be A LOT of collateral damage if that were allowed to happen. Many ordinary people have already lost jobs and houses because the short sellers killed stocks and confidence and made the financial crises far worse than it needed to be.

We don't ALL need to go to hell to prove to "the rich bastards" that their game is up. Let the "rich bastards go to hell," and let everybody else live.