February 21, 2010
The up tick rule had protected billions of dollars in retirement and investment income for over many decades,the removal of this rule was a shock to the intelligence of the average investor on Wall Street, it showed defiance of established rules and laws meant to secure orderly markets. The removal of this rule was a big reason behind the collapse of the markets in general. Wall Street greed run amok by hedge funds, Goldman Sachs,/Plausen/Geitner and lawless deregulation resulting in the present Great recession. It must be reinstated immediately. As a result of removal of this rule the boys on Wall Street took home over 13 Trillion dollars on the short side of yours and my retirement funds