Sunday, September 21, 2008

October 18, 1930: NYT on Short Selling

(The Big Picture-Barry Ritholtz) The following editorial on SHORT SELLING was originally published in the New York Times on October 18, 1930. It is so relevant to the current environment, that I have decided to reproduce it here. What makes this so significant is that none of the issues have changed -- and the US Government seems to be increasingly heading down a path of "The ends justifies the means" form of intervention.

Other than the names involved, one can hardly discern that this was written 3/4 of a century ago . . .

Read the entire story

No comments: