Absolutely, there are ANTI-PROFITEER laws that date back to war smuggling, and piracy laws from which profiteering derived. Short selling of commodities or jacking up prices, price fixing by manipulating shortages, creating scarcity and panic buying on scares, and especially considering the multinational ability to hide liquid stock transfers: SHORT SELLING should be prohibited during war or any national emergency or natural catastrophe. If the markets are going to mature, and remain STABLE, and a reliable, TRUSTworthy place to trade, regulating SHORT SELLING should be implemented and reformed immediately. They only reason I can countenance for why this was not immediately done by our so called S.E.C. leaders was if they are trying to trace Bin Laden or Al Qaeda's money made by SHORT SELLING the world markets following the September 11th attacks. Even then, the collateral damage to innocent investors and the marketplace itself would require, imo, congressional hearings into the wisdom of this tactic. CNBC is too cowardly to even assign anyone to cover this untold part of the story.
I am,
Truly your$,
-Crystal Ball |
