Wow, look at all the tacit cooperation going on! And the turn towards government regulation doesn't stop there. The SEC has brought back rules against naked shorts, which are basically a strong bet on a stock going to zero. Now there's talk of making all hedge funds publish their short positions - all in the hopes that those pesky speculators won't be able to destroy stock prices so fully and so quickly. (Really, though, the most effective regulation might be to take a page from Russia's playbook and just shut down the whole exchange for a week.)
On last interesting tidbit - is anyone else struck by the news that Morgan Stanley (the investment bank that advised the government in the AIG deal) is now looking for buyers, possibly in China?
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