Econoblog The Big Picture [1] points out one of the components of the ridiculousness of the Securites and Exchange Commission's temporary ban on short selling:
60 days prior to a presidential election? This is a none-too-subtle attempt to influence the elections -- especially coming on top of the Fannie/Freddie bailout.
Now would be a good time to re-call attention to my recent post [2] about Kevin Drum's concept, with apologies to James K. Galbraith, of the "monetary-industrial complex."
1825 K Street, NW, Suite 400, Washington, DC 20006
202-955-5665 (tel) | 202-955-5606 (fax) | www.ourfuture.org
Links:
[1] http://bigpicture.typepad.com/comments/2008/09/sec-ban-all-sho.html
[2] http://www.ourfuture.org/blog-entry/2008093710/tissue-deception