Fed gives traders free money

The new temporary rule that prohibits naked shorting for certain financial stock is, pure and simple, a gift to traders. The Fed is forcing their prices up. Traders will simply go along for the ride.

What’s that you say, why didn’t they simply enforce the no naked shorting rule in the first place? You’ll have to ask them that. More proof of the theftocracy?

Pakistan recently tried a desperation move like this. When they lifted the ban, the market crashed and angry investors stoned the exchange.

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