It is my understanding that short and ultrashort ETF exposure is through futures and equity swaps. It hardly seems like the short ban will affect them.

I’m not in agreement with you re ban. And here’s why. ENFORCEMENT has ALWAYS been required. That’s the problem, no one is doing it. And in fact without mandates it can not be done. We just saw the damage that can be done in 3 days. Just think what a pack of wolves can do during that t-3 and then don’t deliver and then skirt the timeline of ftd and while that happens. GEESH..LEH is forced to bk/AIG goes and shares required to be delivered just don’t happen due to either not existing or are done at much lower prices. So what you suggest is IDEALISTIC. The reality is look at BSC and many others. The DTCC is broken and the numbers are skwed. The media has been negligent and complicit for a long time. Heck one only has to go back to Sec whistle blower to recognize time lines and who was contacted. MAY 2006.

Or the misaligned Patrick Byrne who clearly identified there were more shares shorted than existed. NOW how can that be? Easy, no one ENFORCED the laws.

What could be done and should be done is very simple and it’s accounting 101. Close it down. Do an inventory. Regroup to know just how many shares are out their on the short side. Once they get the real numbers then one can track and enforce. Here and now those who think Short selling and the abuse of such was not the cause should spend some time reading xxxthesanitycheckxxx or xxxdeepcapturexxx.

Finally I too have no angst re shorting but when the ILLEGAL use of NAKED SHORT SELLING occurs then the solutions are simple. STOP IT. Force buyins, deliver the stock ad then throw the criminals in jail.

Finally, for those who use te well the companies were doing this and that. OK..no problem but again NO company should be taken down like a pack of lions do to a zebra. Shorting should exist and if the company can not right itself then that will happen over time. NOT in 3-5 days and across the board risking our financial system.

So ban the shorts. DO IT FOR THE ENTIRE MARKET. Then fix the SEC/fix the trakcing DTCC/put in regulators who do their jobs and put those in JAIL who engage in criminal acts and also those complicit.

Once that is done then shorting can begin again. OH and the uptick rule just allows the errors in tracking to continue. NOPE. DTCC has to go or be fixed. THERE is a pending ammendment for those who are interested. Just go to xxxsec.xxx

Government at its worst!

It sounds like they are going with the proactive strategy. I agree with you – reactive is better in this case.

I’m also afraid of the speed at which this is being pushed through. I’m afraid that the Congress critters will not give this healthy debate in order to shotgun it through before the elections.