Re: McCain Has Lost His Mind - The American Spectator | USA News and Politics
Re: McCain Has Lost His Mind

It’s also difficult to prove exactly how big a problem naked short selling is, and how much it played into our current economic problems. I’m not saying that it isn’t a bad thing. I’m just saying that I’ve never seen a convincing case that it has widespread, terrible effects. Usually the arguments I’ve seen are offered by some guy whose publicly-traded company started failing, and started to see their stocks getting shorted (which is perfectly legitimate). We can’t blame all of this on phantom trading.

UPDATE: Then I run across Andrew Cuomo’s promise to “probe” short selling, and I’m reminded of Ted Frank’s piece on prosecutorial zeal in our July/August issue. Every phone call from every hedge fund is going to get scrutinized, all because politically ambitious prosecutors have got to “do something.”

Sign up to receive our latest updates! Register

By submitting this form, you are consenting to receive marketing emails from: The American Spectator, 122 S Royal Street, Alexandria, VA, 22314, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Be a Free Market Loving Patriot. Subscribe Today!