Author Topic: Tossed to the dogs  (Read 418 times)

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Offline Matthew

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Tossed to the dogs
« on: July 17, 2008, 10:09:18 AM »
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  • Tossed To The Dogs?

    While pondering SEC Restricts Shorting 19 Financial Stocks I could not help but notice the financial institutions conspicuously absent from the ruling.

    With that in mind let's recap the list of shorting curbs placed by the SEC.

    Shorting Curbs

    BNP Paribas Securities Corp
    Bank of America Corp
    Barclays PLC
    Citigroup Inc
    Credit Suisse Group
    Daiwa Securities Group Inc
    Deutsche Bank Group AG
    Allianz SE
    Goldman Sachs Group Inc
    Royal Bank ADS
    HSBC Holdings Plc ADS
    JPMorgan Chase & Co
    Lehman Brothers Holdings Inc
    Merrill Lynch & Co Inc
    Mizuho Financial Group Inc
    Morgan Stanley
    UBS AG
    Freddie Mac
    Fannie Mae

    Who Is Missing?

    Where is Washington Mutual (WM)? Wachovia (WB)? Were they tossed to the dogs?

    What about Corus Bank (CORS), Bank United (BKUNA), National City Corporation (NCC)?

    It is beyond all belief that naked short selling is affecting Goldman Sachs (GS) more than Washington Mutual, Wachovia, Corus Bank, Bank United, and National City Corporation.

    Is this a hint of the banks and brokers the Fed and SEC want to protect at all costs? Or is this some kind of setup play, an open invitation to short the others before the same stunt is pulled again.

    The only problem I have with the latter kind of thinking is that it gives these bureaucrats credit for thinking and executing a plan. Of course whatever it is they are doing is going to blow sky high anyway because that is the nature of all such market manipulations.

    Mike "Mish" Shedlock
    Start your session by clicking this link, and my family and I get a commission on your purchase!


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