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SEC temporarily bans short-selling

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Stewart | 10:05 a.m. Sept. 20, 2008
I am not a market expert, but I have had personal experience with it over the years. Back in the 70s I learned how naked options, and the futures markets could be manipulated by those on the inside. It was especially bad in common stocks.

Now with enormous amounts of foreign capital floating around, market manipulation in the markets world wide is hard to detect or even control. Now the short sellers, when they are involved with market manipulators, want us to feel sorry for them, because they have lost control for several weeks. They are afraid that they may be stuck for some losses instead of making billions every day.

The real losers are those invested in the stock market that don't have the inside information, and they want to have the Social Security wrapped up in this type of thing? It isn't just the unsuspected wealthy folks getting beat up by this, but the average person trying to save for retirement as well.

The bail out will tax us all one way or another. If not by an actual tax then by the nastiest tax of all, inflation.

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