Jim had
the following
end-of-show
comments:
Jim:
As soon as we
heard today that
we might get rid
of the
ridiculous short
selling that
doesn’t require
upticks…
immediately, a
host of people
came on air and
said that it
really doesn’t
matter… these
people are
fools… the bear
market really
became in
earnest a
terrible market
when we got rid
of the rule…
okay, the people
who created the
rule in the
‘30’s they were
really smart…
they did a lot
of work… they
recognized that
there are times
that fear is so
palpable that
people can raid
down healthy
institutions and
destroy them…
that is why we
had the rule… if
they bring it
back, we will be
in so much
better shape… so
don’t believe
any of the
people when you
hear that it
doesn’t matter…
they are lying.
[verbatim recap]
[end of show]
