Prudent Man CFA

SEC Shorting Restrictions: Are Some Banks Being Set Up?

What is interesting is that ten of the nineteen or 53% are Foreign Banks!

Then you have the GSE's so actually 60% of the Commercial Banks protected by The SEC are controlled Foreign Bank shareholders.

How blatantly bias can the SEC be? If they did their job for the past ten years instead of being controlled by the "Street", which actually they always have been but not so blatantly, none of this would be necessary.

For your readers who are not aware of this, the Federal Reserve Board does not examine banks. The Comptroller of the Currency (Treasury), FDIC (which is a government corporation financed by bank insurance premiums, and the various state regulators. So when you see the media and politicians complaining about the Fed's audit of banks (banks do have "independent" auditors, which is a farce) they patently do not know of what they speak.

The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't

Forgot to add: The NYSE Specialists are petitioning for a five cent spread. Talk about chutzpah! These Neanderthals should get a real job. Their argument is they can't make orderly markets as if they ever did. The fact is they want take a bigger piece of the risk-less pie.

The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't

Sooner rather than later, the investment community, Wall Street, the Banking Industry, Congress and the Fed better understand we are in the 21st Century and the brokerage/investment banking model is dead and should be buried. Who needs them in the cyberworld?