The Short-Selling ban HURT investors
October 10, 2008 8:00 am
What is the difference between the U.S. and the Russian economy? Answer: In Russia, they do not pretend to be capitalists. Seriously though, it appears that we are getting closer to nationalizing many of the broken industries that still remain in the U.S. such as automobiles, airlines, financials and who knows what else. Our government has become heavy handed in what was supposed to be “free markets.”
Now that the end of the temporary short-selling ban is upon, the debate will surely continue for some time as to its benefit. As we saw the equity markets enter a period of historic volatility and selling pressure, many investors are wondering, what exactly was the point of the SEC ban on short-selling of almost 1,000 stocks?
Read the full article on MSN TopStocks HERE