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Apr.29
7:23 PM ET
Tuesday, 29 Apr 2008
Mad Mail: Cramer Takes on Short Selling
Posted By:Tom Brennan
Topics:SEC | Stock Market | Stock Picks | Mad Mail
Cramer says: A key part of short selling is borrowing the stock you plan to short. It’s the law. But the feds don’t seem to be enforcing that rule. As a result, tons of abuses are taking place. Not only does the SEC need to bring back the uptick rule, Cramer said, but the government has to make sure traders are borrowing stock. “This stuff’s outrageous. Write the SEC.”
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