To: Ga Bard who wrote (128 ) 10/1/2001 5:40:50 PM From: Rande Is Read Replies (2) | Respond to of 455 If the SEC has gone and goes after one side of the coin why not the other? The blindness of the SEC, whether intentional or due to incompetence, is a big part of the problem. You know how I feel about their new chief. . . who's big platform seems to be to try and undo Regulation FD, Arthur Leavitt's legacy. Once more, I think the SEC is too big, has an outdated mandate and needs chopped into smaller, more responsive agencies. I'd be willing to help write that petition. >g< Meanwhile, it looks as though you have gathered a good amount of quotes from those threatened by potentially no longer being allowed to naked short-sell using offshore accounts. That should help put some balance into your presentation. I was a bit disappointed by those taking one liner pot shots at you without fully understanding your position. You are not against short-selling or short-sellers. Nor am I. Let that be crystal clear. The issue at hand is NOT a threat to any person who legally short-sells stocks. It is merely a call to attention to those who take part in illegal naked shorting and more to the point, foreign entities or those using foreign brokerages for the purpose of cashing in on America's recent misfortune. 2 year market slides lead to 5-10 year depressions. As I keep saying, the Great Depression. . was not CAUSED by the wild trading ahead of the crash of '29 as you are taught in 5th grade. It was the Great Slide from Noveber 1929 to June of 1932 that CAUSED the Great Depression. And the Hoover Administration claims that unrestricted short-selling is what kept that market from being able to rebound. That's not me talking, that is history. Allowing foreign entities to force American markets down with unrestricted naked short-selling, is ignoring history. . .thus dooming us to repeat it. I don't want to go through a depression in my lifetime. My wife has 4 teenagers with wonderful ambitions that I would like to see come to fruition. That is why I am for your petition. When you have lost your job, 3 years have passed without a decent income and there is next to zero volume in the markets so you can no longer trade. . . will you say, "I helped contribute to the slamming of the U.S. Equities markets"? If you do, I assure you, it won't be in public. Best wishes all. . . Rande Is