I'm completely against it, but there is a theory that it was a stop-gap to what is being called a "financial" terrorist attack.
Most of the short sales put on this month were from overseas, mainly coming out of London and Dubai. It's still a longshot conspiracy theory.
Even so, the broker/dealers and the SEC have been far too complicit in naked short selling. The rules against this have been in place for years, just never enforced.
Most of the short sales put on this month were from overseas, mainly coming out of London and Dubai. It's still a longshot conspiracy theory.
Even so, the broker/dealers and the SEC have been far too complicit in naked short selling. The rules against this have been in place for years, just never enforced.
Sources: http://bigpicture.typepad.com/