First, sorry this isn't an official Diary entry. However I am burning up inside about this uptick rule. Also, I'm not the clearest of thinker on this subject.
There is a constant chorus of wall street media types making a lot of noise about the Bear-raids on wall street since the removal of the Uptick rule. Cramer is yammering on about it, Schwab, Muriel Seibert even the boogie man George Soros is bitching about it.
Then why does it seem like Mary Shapiro and Geithner seem to be sitting on their hands. No one seems to be talking about this and ITS REALLY AGGRAVATING.
Is there more to reinstating the uptick rule then just doing it? can running in the short sellers create just as much damage as letting them do what they want? What the hell is going on here? Or does it not even matter at all?