In his "Morning Briefing" economist Ed Yardeni had some questions for the Securities & Exchange Commission:
I have a few questions for the S.E.C. When you folks announced last Tuesday that naked short-selling would be banned under a 30-day emergency order, why was it limited to only 19 financial stocks? How did you pick those 19? What is so special about them? Why do they include 11 foreign-based companies? Isn’t it a bit ironic that you exempted market makers from the ban since many of the 19 are market makers and engage in short selling?
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