monday1929

Banks in Limbo = Financials in Trouble

I am a short seller stongly in favor of banning naked shorting and in favor of re-instating the uptick rule. It was removed because in a MANIA people didn't think it, or ANY regulation,was needed anymore. Plenty of rules will be intituted during this Depression, and they will all be removed during the next Mania, probably long after we are all long-gone from this Earth.


On Feb 21 09:05 AM tptrack wrote:

> Yes, the uptick rule was established in 1934 to hellp main street
> investors. After protecting investors for about six decades. The
> previous administration SEC quietly removed this rule on 6 July 2007.
>
>
> Perhaps someone can explain how removing this rule helps those investors
> on main street.

The Banker: Not a Clue

The more important thing for the taxpayers to understand is that the Banks participated in a multi-trillion dollar criminal looting of the U.S. Economy. The responsible bankers now must compete with govt. backed criminal bankers.


On Jan 07 08:25 AM dergman98 wrote:

> The important thing that taxpayers should understand is that it is
> a capital infusion treated like preferred stock with a 5% dividend
> to the government with the requirement to pay it back within 5 years
> or pay substantially larger interest and fees. It is essentially
> a lifeline to participating banks to support their capital position
> and better enable them to make profitable loans going forward.