POST from finance.google Forum:
Wow, SEC regulated today that nobody can short major financial
institutions The emergency rule applies to 19 financial firms
including LEH, GS, MER, MS, JPM, and C. Wow, a big Wow! All these
are the drivers of oil and huge in speculating on Crude. To add to
that, SEC is protecting GS and at the same time investigating them on
shorting LEH and BSC. This is pure communism. Where is the free
market? Why is SEC not looking into Crude positions?
Biggest question of all, These are the institutions who have borrowed
heavily from Fed discount window and speculated into oil, commodities,
and who know where else, a common investor or small firm cannot drive
the prices down, its got to be these firms going gung ho on shorting
each other.
http://www.cnbc.com/id/25698166
Wow, SEC regulated today that nobody can short major financial
institutions The emergency rule applies to 19 financial firms
including LEH, GS, MER, MS, JPM, and C. Wow, a big Wow! All these
are the drivers of oil and huge in speculating on Crude. To add to
that, SEC is protecting GS and at the same time investigating them on
shorting LEH and BSC. This is pure communism. Where is the free
market? Why is SEC not looking into Crude positions?
Biggest question of all, These are the institutions who have borrowed
heavily from Fed discount window and speculated into oil, commodities,
and who know where else, a common investor or small firm cannot drive
the prices down, its got to be these firms going gung ho on shorting
each other.
http://www.cnbc.com/id/25698166