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To: maxncompany who wrote (123386)7/15/2008 1:42:39 PM
From: Rocket Red  Respond to of 313018
 
sec couldn't control an outhouse never mind the rest of the shit that goes on down there.

DDTC also plays a roll i this too and its controled by the government



To: maxncompany who wrote (123386)7/15/2008 1:56:26 PM
From: TheBusDriver  Read Replies (1) | Respond to of 313018
 
shit it is worse than that they are preventing naked shorting in stocks they have an interest in and screw the rest of us....gee...that almost sounds like US foreign policy huh?<sigh>



To: maxncompany who wrote (123386)7/15/2008 2:11:31 PM
From: Rocket Red  Read Replies (1) | Respond to of 313018
 
SEC to limit short selling of major financial companies

Tuesday, July 15, 2008

WASHINGTON — US SEC to limit short sales of big financial firms WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission will issue an emergency rule later Tuesday to stop ‘naked” short selling in major financial firms, including Fannie Mae and Freddie Mac, the SEC said on Tuesday.

Short sellers borrow shares they consider overvalued and sell them. If the price drops, they repurchase the shares, return them and pocket the difference.

The rule would require any person making a short sale in the listed securities to borrow the securities before the short sale is effected and deliver the securities on settlement date.

© Copyright The Globe and Mail