Sunday, September 28, 2008
Mish on the SEC
Mike Shedlock nails "Chris Cox and his 500 fools" at Global Economic Analysis, 19 September 2008. Mish starts with, "Every time I think the height of insanity has been reached I have been proven wrong. My new official statement is: 'There is no upward limit on insane actions by Congress, the SEC, the president, or for that matter anyone else'." My sentiments exactly. Here's a link: http://globaleconomicanalysis.blogspot.com/2008/09/peak-insanity-sec-plans-to-temporarily.html.
When I read that Britain's FSA had banned short selling, I thought, "As soon as that idiot Cox sees this, he'll do it too". And so he did. To think, we supposedly live in a country with free markets.