Posted:
#1
don't like the way the market is going? after YEARS of doing NOTHING? just CHANGE the trading rules. same thing (only in reverse) that the commodities regulators did to the Hunt brothers back in 1980.
"The U.S. Securities and Exchange Commission early Friday issued an emergency order temporarily banning short selling in the shares of nearly 800 financial institutions."
probably a GOOD think for the markets IN THE SHORT TERM BUT it does NOTHING about the underlying problems with the economy.
I also wonder how many BILLIONS of this TRILLION bail out dollars will go to GOLDEN PARACHUTES for the criminal CEO's that got us into the problem in the first place?
guess you can add a line to the old texas oil patch saying "if you owe the bank a MILLION dollars, you've got a problem BUT if you owe the bank a BILLION dollars, the BANK'S got a problem" (because they can't call your loans without destroying themselves).
you can now add to that "and if you owe the bank a TRILLION dollars, the whole damn COUNTRY has a problem."
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