Had it not been for Morgan Stanley twisting the weak arms of State Legislators, the law would be in force instead of delayed.
The list of experts speaking out to the SEC against the status quo of Reg. SHO is very long and their comments can be read at the SEC's website.
A great submission by the United States Chamber of Commerce can be read at
http://www.uschamber.com/NR/rdonlyres/etgreycmkipkp4rlg6yskvgi65sihiocej7z2mngb6x5mnw4bgrysyexjlmfi6rsyd5fkmjuc4ujxaeh2hq2arz2srh/060913_reg_sho.pdf
From the United States Chamber of Commerce
"However, under the current system there are too many naked short sells that are not legitimate. Trades are executed without the basic economic discipline of supply and demand - and accordingly, naked shorting is used to manipulate markets and purposely drive down thinnly traded stocks to the detriment of investors and our capital markets generally."
OK, Mrs. Byrnes.
convince the Utah Governor to sign legislation forcing the prime brokers to divulge their complicit criminal activity
Private business transactions between vendors and customers should not become the target of witchhunts because little Paddy wants to blame someone else for his inability to run OSTK.
Governors have enacted tons of stupid, pointless in US history and will continue to do so.
Had it not been for Morgan Stanley twisting the weak arms of State Legislators
Right. No one can disagree with little Paddy unless they are somehow being dishonest. No one can legitimately take the other side of his preposterous argument.
The list of experts speaking out to the SEC against the status quo of Reg. SHO is very long
I see - you can make a lame argument into a good argument by appending a long list of names to it. Interesting thesis.
the United States Chamber of Commerce
The USCC is a political lobbying group that argues for its own agenda. Citing them as some sort of authority means absolutely nothing.
How cute, and petty insults. I guess it depends on what your definition of brilliant is.
Away from the financial issues, Byrne has continued his pursuit of "a cabal" that he believes is out to destroy the Big O...
Byrne held an August conference call with financial analysts about this cabal that has since gone down in Wall Street history as perhaps the single most bizarre CEO moment of all time. During the session, Byrne admitted to making up stories about being gay and a coke-head in the hopes of uncovering a mysterious group short-sellers led by a "Sith Lord." These individuals allegedly engineered an intricate conspiracy to cripple Overstock. Part of the conspiracy included tapping Byrne's phone calls and apparently some kind of spy ring...
"I can tell you they are going to come after me in January," Byrne said..... You'll probably read a headline that I was stopped with drugs or a dead body."...
http://www.theregister.co.uk/2005/12/29/overstock_stock_dip/page2.html
To repeat, shorting is legal.