- Joined
- Feb 4, 2018
I still don't understand how short selling is an actual thing.
If I had a controlling interest in a publicly traded company, why would I want to lend out shares of my stock instead of selling them outright? It doesn't make sense, unlessall these fuckers are in on it and let their friends borrow stock to short and make money for themselves before returning it to the original owner.
Short sellers were blamed for the Wall Street Crash of 1929 Regulations governing short selling were implemented in the United States in 1929 and in 1940. Political fallout from the 1929 crash led Congress to enact a law banning short sellers from selling shares during a downtick; this was known as the uptick rule and was in effect until 3 July 2007, when it was removed by the Securities and Exchange Commission (SEC Release No. 34-55970). - Wikipedia
Turns out that we're just retarded.