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SEC Chairman and USC Alum Chris Cox Gives an F-U to Hedge Funds, Bans Short Selling

SEC Chairman and USC Alum Chris Cox Gives an F-U to Hedge Funds, Bans Short Selling

The SEC isn’t gonna take anymore of this speculation crap and has prohibited short selling stocks from 799 companies, such as Morgan Stanley (MS) and E*Trade (ETFC). In case you didn’t take notes in econ class, short selling is borrowing a company's shares, selling them, and then keeping the difference once the stock falls. And in case you weren...

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Latest comment by Anonymous: As if Obama has any clearer idea on what's going on in the economy. Regulation! Greed! It's all the same bullcrap political line. What can I say to get the most people on my side? About time they put a stop to the shorting...especially the naked shorting. Good article!

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