This is exactly the sentiment/mission of the Federal Reserve (though not always successful but still an important factor). Yet we have Bernanke backing up Paulson.
He's not just a prick . he's a fucken prick !!! No guts. A wimp. All these Bush people stand for shit. All should have opposed Bush. The guy is only a president not a GOD for fucks sake.
Read the two IG reports from Kotz. It's pretty much explained right there. No mystery at all. They're bought and paid for. End of story.
Oh, and another thing I like about Cox is when all these f*cking morons keeping yelling "uptick, uptick, waah waaah, uptick rule, bring it back! cry cry cry!" Cox tells them to go play in traffic.
Cox must be doing something right if Cramer is continually bashing him. Bernanke and Paulson will only make matters worse in the long run.
You're seriously kidding, right? All that's been happening around us has to do with excessive manipulation of the markets turning the game on its head and violating all the old rules, with new rules being made up by a select few (Cox included) on the fly with little transparency in advance. What Cox probably meant by that statement was that there was an error in making the short ban PERMANENT, instead of just for three weeks.
You do realize that this has probably been the best year for trading that there will be in a very very long time...don't you? I'm not sure what you're complaining about.
So, that makes it ok? what happens next? There will be NO trading. We have a system of laws that was never enforced; now, we have, or will have, nothing. The public will turn on this 'industry' with a vengeance.