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Never understood short selling but it is the buss word these days. Jim Kramer on MSNBC was very happy they banned it... and I trust him! (Shouldn’t I?)
From a non financial professional point of view. The latest move from the Gov. seems to address the short term issue facing the financial sector and designed to avoid a meltdown in the that sector. Both parties are on board....
MY biggest concern is that the US Gov. is stretched SOOO thin that adding such huge liability on our balance sheet would short change our future and the value of the dollar... ie. astronomical inflation.
We are risking the whole thing to save a single sector, which couple of years ago was paying CEO's few hundred millions dollars in Xmas bonus... Neither fair nor safe!!!!
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