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In 2008, the SEC made it illegal to short financial institutions. Do they exist to ensure fairness, or to prop up the winners? Pretty obvious answer.
by paulddraper 1y ago
In 2008, the SEC made it illegal to short financial institutions.
Do they exist to ensure fairness, or to prop up the winners?
Pretty obvious answer.
- linster 1y agoThat’s misleading. You’re talking about the ban on naked shorts.
- klysm 1y agoWhich isn’t enforced if you are big enough
- paulddraper 1y agoIt is not misleading. It happened exactly as described https://www.cnbc.com/2008/09/19/sec-halts-shortselling-in-799-financial-stocks.html?utm_source=chatgpt.com https://www.cnbc.com/2008/09/19/sec-halts-shortselling-in-79...