SEC Restrictions on Short Selling
I agree with a quote from James Chanos of Kynikos Associates I saw within a great FinAlternatives article last week on the SEC proposal to further limit short selling. Here it is:“In recent years, short-sellers have publicly warned the marketplace about the dangers at AIG, Lehman Brothers, and Enron, as well as sounding the alarm over the credit ratings agencies, non-bank subprime lenders, and credit insurers,” he said. “Proposals to inhibit short-selling have the effect of limiting this vital market-based antidote to corporate fraud and speculative bubbles, and must be carefully weighed against the clear harm that comes from ill-conceived government intervention in basic market functions.” source
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.