Home » Hot off the Press » 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.”
It wasn’t about Israel. It was Nov. 28, 1941. Israel,...Read More
Zakiya Carr Johnson hates the American system. She hates American...Read More
This Tuesday marked the 159th anniversary of Robert E. Lee’s...Read More