He didn't save shit yet. Who knows where this goes. We need the DOJ, and now. Oh, guess who controls the doj????? Oh, man. I guess we have to look at the bright side. No more CNBC. Buffett and GE begging for relief from short sellers. You just can't make this shit up.
Jeez I transferred excess funds from my prime MM to treasury MM on Wednesday afternoon. No wonder it took 25 minutes to get through to the call center. Everyone was doing the same thing. It seems the Fed is making up its own rules as it goes along. What legislation gives them the power to take these actions including using all of the FOREX stabilization fund of $50B. Shit if we have dollar run now what happens?
I guess you missed the CSPAN report where Bush quietly granted himself new powers of martial law. "Legislation????????!!!!!!!!!!!!???????????" We don't need no stinking legislation. Now, you'll be bombared with things like this. They ridiculed us for how long. Now, we're scared. Deepcapture called it. http://www.globalresearch.ca/index.php?context=va&aid=10285
Jos A. Bank hits 14-month high Bloomberg News Article Launched: 09/23/2008 04:38:50 PM PDT Jos. A. Bank Clothiers Inc., the maker of men's suits, rose to a 14-month high in New York trading after investors who sold the stock short bought back shares, an analyst at Stifel Nicolaus & Co. said. Jos. A Bank climbed $2.45, or 7 percent, to $39.71. The fifth-straight daily gain pushed the Hampstead, Maryland-based company to its highest close since July 2007. More than 17.4 million shares of Jos. A. Bank have been sold short, according to data compiled by Bloomberg. That means investors have borrowed shares from brokers betting that the stock price will fall so they can then return the shares at a lower value and keep the difference as profit. The number of shares sold sort exceeds the 16.6 million shares available for public trading, indicating that so-called naked short sales have taken place, Richard Jaffe, an analyst with Stifel Nicolaus, said in a telephone interview Tuesday. "In my universe, no one has as pronounced a short position as Jos. A. Bank," Jaffe said. "Obviously they're going to respond the most dramatically to cover the short position in a hurry." With naked short selling, investors don't actually borrow the shares they're shorting, so it becomes possible for more shares to be shorted than are actually in investors' hands. The U.S. Securities and Exchange Commission has restricted short sales in financial stocks and is toughening rules against naked short sales, worrying that investors are flooding the market with sell orders to drive down prices. Jos. A Bank's short-to-float ratio is 105 percent. In comparison, 6.3 percent of shares of companies in the Standard & Poor's 500 Consumer Discretionary sector were shorted as of Aug. 29.
does that mean traders should start scanning for stocks with short-to-float ratio 105 percent or greater?
go to REGSHO.com. that'll give you the lilst. but remember that any heavily shorted stock will do. The fails can be kept from the dtcc. And then, there are grandfathered fails, that may kick in if enough current fails are covered to......... oh you get the hint. Yeah. Have at it. Jos A Banks was on forever. For what?/ They sell suits.