gabe borenstein

AIG Downgrades Should Create an Endgame

The real question during this debacle is why did the "short "rule was not extended by SEC.This would have allowed the FED ,Treasury and others involved for rational solution to the to the issues that financial system is facing .The open short interest has reached new high as some "hedge funds" are looking for money making opportunity.
This systemic "bleeding" should be stopped as it could lead to unpredictable consequences .
These problems were created over many (operational) years,now as they are being addressed ,decimation of the financial community is allowed .Rumors in the market allude to selling activity in Lehman(prior to the final outcome) and AIG shares by some prop desks -unbelievable.