headlocal

S.E.C. Short-Sale Ban Was Pretty Much Useless

The summary and graph shown are true, and from the cited authors, but they do NOT come from the cited paper,
(www2.gsb.columbia.edu/...)

Instead they come from a slightly earlier preliminary/working paper from the same authors, "SHACKLING SHORT SELLERS: THE 2008 SHORTING BAN" , available at
www2.gsb.columbia.edu/...

ZJ's text quote comes from the abstract, and the chart is Figure 2 in this cite.

***Just to save anyone the time of chasing down the details***

Apparently I'm not the only one who works with multiple pdf's open at the same time. But, while chasing down the correct paper, I incidentally found a far more interesting paper in Charles Jones' recent working papers, so I get almost instant-karma rewards.

Merry Christmas, Happy Hanukkah, Joyeaux Kwanza, fecund Saturnalia,
...enjoy something!!