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To: Zhang Fei

A very simplistic reply to your very well written reply is that I still believe Naked Shorts should be completely eliminated by strong enforcement. THe underlying stocks can be tracked and if they aren’t there, well.I haven’t thought this out in great enough detail to write a cogent response at this time.
I suspect that whatever conclusion I come to will be derided by most as no good for the market. THis is standard argument used in Medicine, Sports or almost any other activity requiring regulation when their ox is being gored. I think less regulation is best but regulations that are necessary must be enforced vigorously. All of this is sort of trite but I haven’t finished enough research to form a complete opinion except for NSS.

For now I see the SEC as the NCAA. The coach makes the big bucks from endorsements and big donors. The coaches and donors do the illegal recruiting and the students and athlets suffer the penalties. The coaches and donors get away scott free. We need to reverse this.

I think WS can be reformed but it may spoil the fun of the high flyers and ignore the Martha Stewarts and the press will hate it.


114 posted on 09/19/2008 6:20:09 PM PDT by A Strict Constructionist (I think faster than I type, lousy proofreader, deal with it.)
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To: A Strict Constructionist

Here is a link for you:
http://www.deepcapture.com/the-story-of-deep-capture-by-mark-mitchell/


121 posted on 09/21/2008 12:27:11 AM PDT by Danae (Read my Lipstick: I AM Sarah Palin)
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