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<i.But for the average small investors, like I'm assuming most of us are, the antics that the rich and powerful on Wall Street pull, and then cause us small guys to lose money, is frustrating.

Well, that's the thing: were the antics of shorting shares more damaging than the antics of bankers leveraging up their balance sheets 30 to 1 and then buying subprime debt? Not in a million years they weren't. I shorted Lehman shares almost clean into the ground.

Let me make this a somewhat more emphatic statement: if the US went to permanently ban short selling, I would pull every single red cent I had out of the market, because the fix would right and truly be in.

It important to create the incentive for people to seek out and expose risks. Blaming shorts for what's happened is kind of like blaming flies for a pile of horse crap.


Bill Mann
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