I pulled up with Dick Grasso, the former boss of The New York Stock Exchange last Friday… who told me that without some real enforcement of important rules… like the end of naked shorting, which allows short sellers to basically issue stock themselves and then knock the share price down with it… and what else does Grasso want, the reinstatement of a real uptick rule… that requires shorts to wait for a buyer to pay up instead of allowing them to blast the stocks down… the market is just not a great place for you… Grasso, as always, is dead right.

So, what would make me feel like things are better… that the playing field for the retail investor, for you, has been leveled… and these are all things that I know because I have traded for so long… we have got to have the uptick rule brought back… and it can’t be the fake one that I hear people talking about… the fake one that only kicks in when the market is down big, it is just a canard… that is a way to placate the public without protecting you at all from the rapacious stealers of your wealth… supporters of this distinctly phony solution better be aware that we are completely and utterly on to them… do they think that we have just fell off a turnip truck here… and as Dick Grasso told me, how can you continue to hurt the regular investors and expect that volumes, real volumes, not just hedge fund tradings and ETF’s will ever come back.

The uptick rule protected us from endless short selling because it forced the shorts to either wait for a stocks price to move higher, before they could bang it down with a short sell… and made it so… everything had to cool off, you couldn’t just crush stocks… they created this rule during the Depression, to prevent a repeat of the Great Crash… but then the SEC under Chris Cox got rid of it in 2007... well let me just tell you… let me ask you… look what happened since then… we need to bring back the uptick rule… the SEC better listen… and by the way, the mutual funds that have all of your money, they better listen too… because they are the only ones that really save us… they have got to speak up.. .it can’t just be me here on Mad Money… right now the quant funds, the guys who just trade off of computers… the hedge funds, the guys who are much richer than you… the exchanges, the guys who need short term volume to make their numbers… and the ETF industries, yeah the one that brought you the bank weapon of mass destruction the SKF… probably cost the taxpayer billions of dollars in bailouts, as it allowed the shorts to sow fear and destroy banks… those interests are all in charge… we are not in charge, you are not in charge… those bad interests… those anti-capitalist interests captured the bureaucracy… and there are enough no nothing professors who have never traded are willing to say that this stuff does not matter… it galls me… I welcome them to spend 5 minutes with me so I can explain the way the world really works… you have to trust me… not them… as someone who has their academic credentials and traded for 20 years, I can tell you that they do indeed know nothing.

Second we need to see the end of naked short selling… where investors sell a stock short without having borrowed it first… they can sell shares that they do not even have… they create stock… that is not how things work in real life… it is unfortunately how things work in the stock market, because the exchanges wanted a lot of stock to be traded… and all of the brokerages want as much volume as they can… and the government does not care anymore about you… how do we stop this… how do we get the government to protect you… well, maybe the companies can help… they should call all of their brokerage houses, because they do a lot of investment banking, and tell them that they will never do a dime of business with them unless they call all of the naked shorting… in other words, that they call in all of the stock that is naked… and they can do that… like the stock that drove down Wells Fargo, and GE, and JP Morgan to levels that are ridiculous.

Right now the only company that I know is actually trying to do this is Sears, my friend Eddie Lambert… he is helping to enforce this rule by really monitoring it… and I think we got a double in that stock while he did it… the government only has to bring one high profile naked shorting case against a hedge fund, and the brokerage house… and that jig is up… one case government.

Alright, third we need indictments… I want kangaroo court, show trials, star chambers, waterboarding galore… you name it… but you can not have it until you indict… now I mention that parade of ridiculous total injustice because the more on blogs who dog me even when I sleep, can now say that Cramer calls for waterboarding of Dick Fall of Lehman, and the whole board of directors at AIG… all I can say is thank you blogs, at least someone is paying attention… I mean where are the AIG indictments… have you seen a perp walk… I mean the only perp walk that you are going to see is on Law & Order Criminal Intent, because I am a team player… Jeff Goldblum, okay, can’t wait… where is the special justice department czar that we have been calling for for white collar crimes… so we can get some runaway grand juries going to look into the collapse of Bear, and Lehman, and Washington, Mutual and Wachovia, and how about all of those mortgage broking frauds… here is a simple question… it is kind of like Watergate… they are selling the stock right, what did they know, and when did they know it… overlaid by when they told you to buy… I will testify in everyone of these cases.

Here is the bottom line…