Thursday, February 14, 2008

Hearings on short sellers

The monoline insurers want lawmakers to lasso in the shorts innuendos. There already is a backlash as the shorts profit on others misery, and this letter has been circulated, as a counterpoint to Ackman's "white papers." It's written tongue-in-cheek, but the "fictional" letter makes it's point.

So we have hearings on short sellers, and Bernanke and Paulson before cameras in Congress.

Maybe the bulls get jump off all the hearings today.

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