So I guess the 3% of Freepers that wanted Cox to be VP are wrong?
LOL Ha Ha Ha
If the speculator does not use fear or fraud and bears the risks and rewards of the trade, then the government has no business getting involved. McCain’s admitted limited knowledge of economics is not serving him well.
>> Short-sellers have been blamed for piling into commercial and investment bank stocks and driving stock prices lower.
Ethical short sellers are a vital part of the food chain.
NAKED short sellers, on the other hand, should be strung up.
If Cox should be fired, so should the last decade's most powerful US Senator: John McCain. His responsibility for the current mess far exceeds the current SEC chairman's.
“Republicans eating their own” update.
The President is responsible for any number of poor personnle decisions from the former head of FEMA, to Gonzales, to Rice to keeping on the Clinton people.
This is just another example.
Bush’s mishandling of his office will overpower his other accomplishments and are creating the scenario for the election of a manifestly unqualified, totally irresponsible individual with unaceptable prior associations - Barack HUSSEIN Obama.
I mentioned the abandoning of the uptick rule right here on FR last night. Maybe John Mac read my post.
Right, iBe better off trying to confiscating the $100s mils Raines and Gorelick stole from taxpayers.
Let me try that again.
Right, if only we get the right people in there all will be well. Be getter to try to confiscate the $100s mils Raines and Gorelick stole from taxpayers.
John, are ya gonna fire the Head of DHS for not securing the Border?
If Mr Cox really said this, he does deserve to be put out to pasture. 'Markets have changed' - and maybe that's because we put in the uptick rule and passed Glass-Steagal, both recently pulled or repealed so maybe he missed the move where the markets changed back.
Human behavior hasn't changed, and markets are primarily driven by human behavior (as speeded up by computers these days) so I doubt markets have changed that much.
But, McCain really should be going after Congress and Freddie and Fanny oversight and the community re-investment act. Without that multi-trillion dollar boondoggle, the finance companies wouldn't be in such trouble as to draw the short-sellers attention. McCain, in his usual shoot-the-Republicans manner, skips over the big Dem offenders like Gorelick who ended up with millions, and goes after the merely incompetent Reps on peripheral issues.