While we are at it short selling should be eliminated. It creates a death spiral provided the short seller has sufficient resources to take a major short position. This at the very least is market manipulation. It was outlawed for a brief period last year for financial stocks. Once the successful test period ended it was not renewed. Taking out short selling and elimninating mark to market would go a long way towards fixing out busted economy and put some light at the end of the tunnel. Light at the end of the tunnel in my opinion is the only way to restore consumer optimism whihc will help prime the pump. The are two fixes that can be put in place with the stroke of a pen. Why is there no movement?
One Easy CDS Fix [View article]