August 18, 2010
Short selling ought to be banned completely.
The laws of supply and demand, a basic economic premise, cover the price of everything in our economy.
If a stock is overpriced, according to the market, the price will be driven down by a lack of people wanting to buy the stock at the current price.
The legal gambling of banks shorting competitors' stocks in 2008 was part of the financial disaster we have all suffered through.