Marketplace Off Air
Think about this for a second...
The CEO of the New York Stock Exchange said today he thinks the SEC’s going to extend some kind of short selling protection to all publicy trade companies.
That’d be a biggie. It would mean, in some variety, that you can’t bet a stock’s going to go down.
Background: A couple of weeks ago the SEC decided to protect about two dozen financial firms from short sellers. The argument was that naysayers were doing damage to the larger markets by shorting, say, Lehman and Merrill Lynch. Ten days ago it expanded that list to more than 700 “financial” companies, “financial” being defined very loosely. Now, perhaps, all the companies on the Big Board. More to come, I’m sure.
- October 1, 2008 — Kai Ryssdal
- 2 comments
Latest Posts
- Keeping your gig
- Devastating job losses
- Going Down Under
- Oil skids
- Preventing foreclosure
- Highland Fling
- Fewer jobs, fewer buyers
- Paulson's new plan
- Dubai Eight Months Later
- Show me the money...
- Pink slips
- Goldman Sachs as online bank
- GM vs. Toyota
- Showdown for the showroom
- Random recession note...
- In case you've been wondering...
- Two charts...
- How bad is it at General Motors?
- The Whiteboard: How credit cards become asset-backed bonds
- Just wait for the hearings on this...
- Here's why Paulson bailed on the TARP...
- How's it going at your workplace?
- If you've been wondering...
- I'm pretty sure this is bad...
- Well, THIS is interesting...
- You've been wondering how we're going to pay for the bailout?
- If you're keeping score
- Not so easy...
- Visual guide to the financial crisis
- German prudence great for rainy days
- Obama meant it about C02
- GM gets the 'Pelosi bump'
- Some good news in the fight against AIDS
- What's your workforce strategy?
- Google leaves Yahoo deal
- Winner gets a bad economy
- Dressing up for the crisis
- We're running up an 'eco debt,' too
- Bizarre HSBC bank ad
- Dow closes up nearly 900 points
- Show me the money
- Wait 'til Bernanke sees THIS!
- Most House members' campaign cash from outsiders
- Gold ain't glimmering
- Getting naked in short selling
- Strauss-Kahn apologizes to IMF for scandal
- A look inside Marketplace
- A spoonful of sugar...
- Stand Up and Face the Music
- What are we talking about?
- Morning reading...
- Oh, the irony...
- Take the money...
- The credit crisis as Antarctic expedition
- I thought this was great...
- You must be joking . . .
- Two useful nuggets and one shameless plug...
- Now, how to put this on the radio...
- Untangling credit default swaps
- Everybody's talking...
- Can he DO that?
- I.O.U.
- Chewing on the credit crisis
- The power of youth...
- How do you say 'too big to fail' in German?
- 'Twas the Night Before...
- Crisis explainer: Uncorking CDOs
- What would you ask if you had the chance?
- How did this happen?
- Don't look now...
- If you've got some spare time...
- Hitting Close to Home
- Show me the money
- Senate Bill...
- I know who'd pony up
- Think about this for a second...
- What's good for Warren Buffett...
- Raise your hand...
- Fundamentally speaking...
- Brackets for the meltdown office pool?
- Plenty of alternative ideas for getting out of this mess
- If at first...
- Revenge, rather than stopping the bleeding
- Goldman Sachs gets big boost from Buffett
- More victims of the Wall Street crisis
- What's your opinion on the bailout?
sponsor
Comments (2)
October 2, 2008 6:43 AM PT
Kai,
Additional coverage on this would be appreciated. It can’t be this simple. For every action there is an equal and opposite reaction, right? It seems like every really poor polciy decision ends up in the lap of the tax payers. I hope that isn’t the case here - again!
DJ
October 2, 2008 7:09 AM PT
When the SEC starts messing around with how stocks are bought and sold (ie. “protecting companies from short sellers”), they are propping up share prices artificially. Market manipulation is against the law, except when the SEC does it. Hmmm! It must be bad.