How Financial Madness Overtook Wall Street

[rgG]

VDP, I heard earlier today that the British version of our SEC (Securities and Exchange Commission) was banning the short selling of US financial institutions until sometime in January. Apparently a lot of the hedge funds are based in London and they are being accused of manipulating the US financial stocks by short selling. Looks like a good move. There are also a couple of firms in the US that have now said they will not loan their shares of US financials to short sellers, which should also help.

It is a shame when speculators and crooks try to destroy reputable companies just to line their pockets. I hope some of these people do get prosecuted and sent to jail.