Monday, August 20, 2007

What Was the SEC Thinking??

I'm with Larry Kudlow on this. In a time when we have a naked (essentially fraudulent, If you ask me,) short selling problem in the markets, what on earth was the SEC doing making it easier to short sell? Eliminating the up-tick requirement can only make for more brainless volatility, and it's mostly mom and pop main street investors who get hurt in wildly volatile markets.

Kudlow's Money Politic$: More on What Was the SEC Thinking

Here's the link to the WSJ story he mentions.

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