7ony (7ony) wrote,
7ony
7ony

Asleep at the Wheel

Lehman Brothers Holding, Inc. is touted as the card that brought down the financial house-of-cards. Now we learn that at least part of the blame lies with the SEC for allowing speculators to illegally make 'naked short sales' . Credit Default Swaps and now Naked Short Sales. Regulators asleep at the wheel. How many more Rip Van Winkles will we find?

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