taxmarc

What the SEC Really Accomplished with Its New 'Short-Sell' Rule

I am sick and tired of the constant government interference. Where's the conservative party's outcry against this behavior? If anyone thinks we are in a free market economy you are deceived. Starting with Greenspan's precedent of the government bail out of Long Term Capital Management, which opened a Pandoras Box for the government to continue it's welfare to these mis-managed companies, to the present bailout of the financial sector. At least when Cyrsler was bailed out it was a loan and they paid it back. Where was the government to bail me out when I saw my Enron stock and dot com companies get blown away? Big deal the CEOs were fined. That didn't put money in my pocket. Those fines just continued to grease the wheels of more government. All welfare does is create a dis-insentive to be responsible. I thought playing the market meant having a strategy for making money. Shorting is part of that strategy. If an investor sees an opportunity to short based on a company's foundamentals why shouldn't they? But if the government interferes why consider a company's foundamentals? All smoke and mirrors. At least the former Soviet Union admitted they were communist.