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.
http://online.wsj.com/public/resources/documents/RELeeletter.pdf

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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