US Economy: 2 related stories


not a plastic bag
Cramer: Feels Like Financial Terrorism -

SEC bans short-selling for financials: Financial News - Yahoo! Finance

The SEC today temporarily banned short selling. In the past few days Crammer has been saying that the possibility that some of what has been happening with the banking meltdown is financial terror. Basically our enemies coming into our financial markets and putting heavy selling pressure on various financial stocks.

Normally, I would be completely opposed to banning short selling. It is an important feature of our markets that keep them in check. I would also normally never consider financial terror except for the fact that Crammer has put it on the table AND the it can be said that the SEC moved to counter the downward pressure.

hhmm?? Makes me wonder if foreign entities are at work.