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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: mishedlo who wrote (36607)3/4/2002 12:21:39 AM
From: ajtj99  Read Replies (1) of 99280
 
Mish, this rule is the government's way of allowing the banks to dispose of their securities at inflated prices.

The banks have to value their securities at current value soon (rather than purchase value), and this is the government's way of bailing them out without actually spending the taxpayer's money. It's a pretty impressive ruse.

This whole thing is an orchestrated government bail-out of the banking system. If you see it as that, you won't get too emotional about it. I doubt the shorting rule stays in effect for long.
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