The Wall Street Journal on Short-Selling

http://www.futureofcapitalism.com/2010/02/the-wall-street-journal-on-short-selling

The Wall Street Journal has an editorial criticizing SEC restrictions on short-selling based almost entirely on the argument that the SEC's professional staff think it's a bad idea. The implication is that the same government bureaucrats who missed the Madoff scandal know better than corporate America how to regulate markets. If the Journal thinks the commissioners should always just do what the professional staff says, why bother having the commissioners there at all? The comments thread on the Journal site has some interesting skeptical comments, including from someone who suggests that the Journal and the SEC consider the "fails-to-deliver" issue, or naked shorting.

by Ira Stoll  |  Feb 26, 2010 at 7:59 am Related Topics:  Press, SEC receive the latest by email: subscribe to the free futureofcapitalism.com mailing list