Trumpace

WaMu on the Brink

This is one of the real problems with the markets today. People having the ability to post opinions and confuse readers, without the responsibility of providing facts. Agendas have to be considered. I feel posters should fully disclose their position (I am long WM) or not be taken seriously. However, I guess since a certain Senator can call out a name of a bank causing a run on the bank and not be held responsible, then it is understanding as to the many posts that are doing the same thing today. This type of thing is never good for the economy as a whole and the banking system of the country it serves. A "crises" can be created because of the agendas of individuals. This is truly not good and very un American to do. It is one thing to have the facts that support a "crises"..., it is another to cause a "crises" without having the facts to support a statement. Keep in mind that the banking system is based on faith in the system and can be destroyed along with an economy if irresponsibe coments are made without facts to support them.

Now in addition, the removal of the "uptick" rule a year ago has brought the agendas out in force to control the short side of the trade. Just look at the short interest since in almost any stock (some exceptions). Cox and the SEC made a huge mistake in removing this rule and it needs to be reinstated. Also remember the rule existed since 1938 to stabilize the markets, until its removal last year. If it "didn't matter" then why did the SEC put it back in place for 10 major financial institutions for a short time this year. It is the responsibility of the SEC to stabilize the markets. They need to put the "uptick" rule back in place. Also if it "didn't matter" they why remove it in the first place. These questions need to be answered by Cox and the SEC.