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H.R. 302, To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities (1 comment ↓)
H.R. 302 would require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities.
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Fractal Kid
April 8, 2009, 11:03am (report abuse)All they need to do is prohibit naked short selling.
The ability to gamble with no money down is exactly the same thing that is at the root of all of the excesses on Wall St., from MBSs (remember those? they seem like a widow's and orphan's thing now) to CDSs (AIG's "nuclear option").