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Politics : View from the Center and Left

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To: TimF who wrote (85486)	9/19/2008 2:23:46 PM
From: Katelew	Read Replies (3) of 541997

Tim, I forgot to say this though and it's something we might agree on. It's simply that I'm almost horrified at the decision of the SEC to outright ban shortselling on the financial services industry. Changing a rule of this magnitude in the middle of the game is shocking and such a distortion of the pricing to equilibrium mechanism that it leaves me almost speechless. It might make sense and prove wise at some point in the future, but for now I'm scratching my head. Actually I'm profoundly sad today at this weeks' events re the capital markets and the incredible cost the treasury is undertaking to perhaps fix things.....I said 'perhaps' purposely.

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