Posted on 10/10/2008 4:05:48 AM PDT by Liz
SEC Chairman Chris Cox - already in the doghouse with institutional investors over a series of seemingly ineffective bans on short selling - is suffering a loss of confidence among his fellow commissioners. Sources say Cox's recent pitches to his fellow commissioners - who are responsible for implementing the laws that govern the securities industry - to continue shoring up short-selling protections, have fallen on deaf ears. Specifically, the panel has shrugged off his suggestion that they consider ways to help ease the lifting of the short-selling ban - which was not in effect yesterday - with a sort of speed bump, like the so-called uptick rule.
(Excerpt) Read more at nypost.com ...
Naked shorting should have never been allowed, ever.
He should be sent to prison for allowing it in the first place.
Naked shorting should have never been allowed, ever.
He should be sent to prison for allowing it in the first place.
yeah we need the government to tell us what we can do...for our own good. /sarc
THESE PRIVATE HEDGE FUNDS ARE DESTROYING THIS COUNTRY !!
I LOVE BUSH, BUT HIS DOWNFALL HAS BEEN “HIS APPOINTMENTS” !!
I THINK I AM FINDING OUT, McCAIN WAS RIGHT ON RUMSFELD AND COX !!
Excellent idea....lock the sucker up.
News clip of Cox was revealing-—had that idiotic deer-in-the-headlights look-—too dumb to realize why the crash happened on his watch.
hmmm and to think I thought all this time it had something to do with freddie mac and Obama’s buddies. yeah, let’s blame a conservative instead.
At some point I hope the role of large foundations and endowments, such as the Ford Foundation or the Harvard University Endowment, in accelerating market decline, or maybe moderating it, will be discussed.
Ford foundation? now, wouldn’t that be ironic
Great headline - Cox...short...member
ping
My statement was anti-government action as in I’m against the bailout and for the Republican free market solution which involved cutting capital gains tax for two years to zero, allowing the 13 trillion dollars in offshore taxfree accounts be allowed to be brought in to the country taxfree, repeal the several laws that brought this mess about.
yes but a free market must be kept free.
pong
The supremacy of finance capital over all other forms of capital means the predominance of the rentier and of the financial oligarchy; it means that a small number of financially “powerful” states stand out among all the rest. The extent to which this process is going on may be judged from the statistics on emissions, i.e., the issue of all kinds of securities. - Vladimir Illych Lenin
Heh-—you know The Post did that header accidentally on purpose.
My suggestion.
ANY publicly owned company on ANY stock exchange needs to put it’s checkbook online for all to see if they get one dime of rescue/bailout money.
And doing away with the uptick rule was just an ‘experiment’.
Yes, Cox ought to have resigned. But he was way out of his league in the first place. And if it’s true that the regulations were suggestions, then perhaps the mattress is the best place for our savings after all.
The foundation run by Theresa Heinz is a case in point.
The Carnegie Foundation also FAR FAR left.
The Annenberg Foundation. The evildoers have infiltrated all these foundations. First thing to be done is they lose their tax exemptions.
Wouldn’t hurt if they put their checkbooks online either.
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