tennis_hand
Hall of Fame
we had bankruptcies last 2 weeks and the SEC banned short selling. Together with the bailout plan, the market went up for 3 days or so.
Now the reality sinks in with another array of banks going under. The plan gets rejected and the market went down further than before. So what happened to the short selling? The SEC said short selling was the culprit?
Without those interventions from SEC and the government bailout, the market should have come to this level last week, killing all those weak b@stard financial companies faster. This would have helped the market to reach the bottom faster and hence recovered sooner as well. Newer stronger companies will emerge. Why protect those weak companies, just because they has a long history and a name? These policies make matters worse and prolongs the recession. It is even longer if you think of the tax implications and government fiscal health in the coming years.
Now the reality sinks in with another array of banks going under. The plan gets rejected and the market went down further than before. So what happened to the short selling? The SEC said short selling was the culprit?
Without those interventions from SEC and the government bailout, the market should have come to this level last week, killing all those weak b@stard financial companies faster. This would have helped the market to reach the bottom faster and hence recovered sooner as well. Newer stronger companies will emerge. Why protect those weak companies, just because they has a long history and a name? These policies make matters worse and prolongs the recession. It is even longer if you think of the tax implications and government fiscal health in the coming years.