You don’t need protection from short sellers. Most major rallies are ingnited by shorts covering their positions. Without them, markets would fall much further, much more frequently. That’s a documented, verifiable fact.
We're not talking about mere short selling. We're talking about massive, coordinated, wealth-destroying, and utterly unseen short selling, done at just the right time to severely damage markets and in Marxist fashion, eliminate the middle class.
Just cutting out naked short selling, seems awfully simplistic, and all the glowing stories of economies on fire after doing so, is also a bit suspect. Diamond seems to be on both sides of the issue and that doesn’t work either. I’m not a guru, I am still in the market, but where it and government are going is anyone’s guess. So what else is new?
“You don’t need protection from short sellers. “
Rubbish. The removal of the uptick rule has allowed hedge funds to coordinate attacks and destroy companies. It is risky enough to invest in cutting edge businesses without adding the risk of having those firms destroyed by predatory gaming of the stock market.