https://thenewneo.com/2009/06/11/why-is-this-taking-so-long/ A blog about political change, among other things Sat, 13 Jun 2009 00:43:56 +0000 hourly 1 https://wordpress.org/?v=7.0 https://thenewneo.com/2009/06/11/why-is-this-taking-so-long/#comment-112329 Sat, 13 Jun 2009 00:43:56 +0000 http://neoneocon.com/2009/06/11/why-is-this-taking-so-long/#comment-112329 Both the uptick rule and a prohibition of naked shorting are useful regulations. If we care about properly functioning price discovery, we have an interest in discouraging bear raids.

]]> https://thenewneo.com/2009/06/11/why-is-this-taking-so-long/#comment-112248 Fri, 12 Jun 2009 01:42:38 +0000 http://neoneocon.com/2009/06/11/why-is-this-taking-so-long/#comment-112248 They don’t want the markets to work right. If the markets work right, there is no need to create a command economy. Only the “failure” of the over-regulated, distorted and hamstrung version can justify taking them over to make them tools of the Executive and the Congressional Seniority.

]]> https://thenewneo.com/2009/06/11/why-is-this-taking-so-long/#comment-112211 Thu, 11 Jun 2009 18:33:18 +0000 http://neoneocon.com/2009/06/11/why-is-this-taking-so-long/#comment-112211 For reasons not clear, they decided to just ban all short-selling, even though short-selling per se had not been the problem and in fact helps price the market properly. I don’t hold with naked shorting, and was shocked to learn it had actually been allowed for some time. Why they decided to kneecap a perfectly valid tool (which on its own can’t drive down prices) I do not know.

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