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Short Selling Ban / Uptick
Rule
For Christ's sake do it SEC:
Citibank is lobbying
lawmakers and the Securities and Exchange Commission to reinstate a
ban on the short selling of financial stocks, The Wall Street
Journal reported Thursday on its Web site, citing sources familiar
with the matter. The company is also seeking a reinstatement of the
"uptick rule," which requires investors to wait until a company's
stock goes up before short selling it, according to the Journal.
Citigroup shares fell 19.8% to $5.13 in recent trading.
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Either Chris Cox is an imbecile or he's doing this to line up a
job. I just don't understand why more pressure is not on him
to reinstate and actually beef up regulations on hedge funds.
It is sick to think they may be destroying the world economy for
personal benefit.
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Author:
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Perry
Rod
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Subject:
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News
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Sentiment:
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Neutral
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Date:
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11/23/08 at 2:50 PM CST
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I am not a believer in conspiracy theory in specially when the
global economy is at stake but I am strogly convinced that some
individuals knew the economic crisis is coming. So now that can
afford to buy businesses that other wise were to expensive for
their budgets (take for example yahoo shares 33$ 4 month ago 6$
Freiday). Always someone has something a lot gain after a crisis or
a natural catastrophe.
So maybe they did it for their own well being.
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Author:
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Dan
Toma
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Subject:
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News
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Sentiment:
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Neutral
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Date:
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11/23/08 at 4:43 PM CST
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