Short Selling Banned!
#1
Posted 18 September 2008 - 07:01 PM
What a joke.
WASHINGTON (MarketWatch) -- The U.S. Securities and Exchange Commission intends to temporarily ban short-selling, The Wall Street Journal reported Thursday night. It's unclear if the commission has approved the move, the Journal reported. SEC Chairman Christopher Cox, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson were briefing congressional leaders Thursday night. The U.S. move would follow a similar action by U.K. regulators on Thursday.
Mark S Young
Wall Street Sentiment
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#2
Posted 18 September 2008 - 07:10 PM
Edited by ogm, 18 September 2008 - 07:12 PM.
#3
Posted 18 September 2008 - 07:11 PM
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#4
Posted 18 September 2008 - 07:11 PM
I never thought I'd see the day...
What a joke.
WASHINGTON (MarketWatch) -- The U.S. Securities and Exchange Commission intends to temporarily ban short-selling, The Wall Street Journal reported Thursday night. It's unclear if the commission has approved the move, the Journal reported. SEC Chairman Christopher Cox, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson were briefing congressional leaders Thursday night. The U.S. move would follow a similar action by U.K. regulators on Thursday.
What confounds me is that nobody minds.
#5
Posted 18 September 2008 - 07:15 PM
What confounds me is that nobody minds.
What scares me is that there is nothing one can do.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#6
Posted 18 September 2008 - 07:17 PM
Its not approved yet.
But it will set up a real crash as shorts will cover and the vaccuum emerges under the prices.
This would be the dumbest thing ever. Cox should fired immidiately if he does that. But republicans are desperate they are engaging in all kinds of market manipulation now to avoid solving real problems. Market manipulation only works for a short time.
a short time is all they need because soon the evil destroyers of the economy will be slipping out the back door and leaving the mess to the next sucker !
ed rader
#7
Posted 18 September 2008 - 07:18 PM
#8
Posted 18 September 2008 - 07:27 PM
#9
Posted 18 September 2008 - 07:27 PM
~Benjamin Franklin~
#10
Posted 18 September 2008 - 07:28 PM
Mark S Young
Wall Street Sentiment
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