"Outlawing short-selling is a mistake," Barry Ritholtz says. "If you go back over the last few...

|By:, SA News Editor

"Outlawing short-selling is a mistake," Barry Ritholtz says. "If you go back over the last few decades, every major fraud [Enron and WorldCom] has been uncovered by short sellers." He thinks the market will be easier to gauge after derivatives legislation is passed but hopes they will be treated as "normal financial instruments."