hunter

Wachovia Stanley? Really?!

mr.g you must not have heard wachocia CEO Bob Steel said his # 1 platform is total transparency. Why on this earth did Chris Cox SEC chairman eliminate the up tick rule July 07. This rule has been around since 1933 and would stop short sellers from driving good companies out of business. Short sellers can not do their dirty deeds if they are visible and can be tracked which what the up tick rule did. The SEC needs to reinstate this rule and even put a 90-120 day ban on all short selling. This will allow the dust to settle and not force good companies like the investment firms out of business.