I think SEC limit on Naked Shorting is good for stability in these uncertain times. Remember, they are not stopping regular (i.e. covered or borrowed) shorting; only highly speculative uncovered shorting that can destabilize the system by setting up negative feedback loops.
As for the Rioting in L.A., it is so ridiculous. You would think such things happen in a 3rd world country. How anyone with reasonable intelligence wouldn’t know how to do a bank transfer on internet puzzles me. Also, the media have been shouting about IndyMac’s threadbare finances for at least a few weeks. Why did the more loaded depositors not transfer funds earlier? Overall, a poor portrayal of citizenry.
