JasonC

Short Sellers Off Target in Blaming the SEC For Ban

"how do you locate the short selling manipulation"

The instant Fannie and Freddie go away and shorts pocket billions, the shares of Lehman and Merrill and AIG drop off a cliff. The instant Lehman disappears, AIG doubles speed. The instant AIG goes splat, Goldman and Morgan Stanley drop off a cliff.

Um, you don't have to be a rocket scientist to gather than the shorts can't continue to be short a company that has gone to zero. And that their instantly being short another company with all their winnings, doesn't count as discriminating price discovery and just amounts to firepower gambling on the destruction they can cause, themselves.

Shorts can die and be damned, no one will miss them.

Congress cluelessly adding ridiculous conditions to urgent financial steps, on the other hand...

I hereby volunteer to be the only individual dealing with the treasury as it buys mortgages, so only my salary needs to be capped and regulated and prodded and probed. Everyone else can just sell to me and I'll sell to treasury. There! All better.

These politicos are just utter morons...