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What was the reason for eliminating the uptick rule? Usually once a law or rule is in place it takes a major issue to get support for change.
Nov 23 11:13 am
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All Comments by zzyzx »Jim Cramer's Mad Money - Cox Slow on the Uptick (11/21/08) [View article]
Was the abolition of this rule just the whim of one man, Chris Cox? If so why not have a congressional investigation on why.
What was his thinking in changing the status quo? Is it possible he's on the take to short selling hedge funds?
What about all the reports of the shorting or phantom stock? Why is this not being investigated by congress?
Overstock.com's CEO Patrick Byrne is no fool but you would think so if you Google him. Instead read what he has to say about Naked short selling on his DeepCapture.com blog.