We are witnessing an attempted price control on stocks. These idiots some refer to as the gang of 3 should be prosecuted. To blame short sellers really shows the ignorance running rampant.
Here is some thing to think about. The last time this was done was in the great depression. That didn't solve the problem either back then.
Bailing out their fellow buddies with taxpayer dollars should be a crime not a justifiable necessity.
Short sellers are risk takers and should be rewarded for their risk. Not penalized. If they wanted to do this, however misguided it is, then at least give traders a chance to unwind the positions not change the rules on them forcing a false rally as they covered the short position thus making an unsuspecting public jump into stocks that are basically insolvent anyways.
Hang on here...this ride is getting wild.
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3 comments:
I was thinking yesterday after seeing the comments on the blog about the price of oil. It wouldn't surprise me to have the government put some controls on the price.
Quite franky I am surprised they have not already. they are in essence trying to place a price on houses so they stop falling, why not gorceries and oil and eveything else.
Probalby because their friends were not in those so the common man can just suffer.
the already screwed the inverse ETF's....
This whole thing reminds me of 1947 Eastern Europe when communism came to rule half of the continent.
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