Friday, September 19, 2008

A Strange Coincidence

Is it just a coincidence that on the day the Securities and Exchange Commission (SEC) bans short selling in 799 Financial stocks, the sign below mysteriously appears nailed to a fence in Suburban Birmingham, Alabama.

Stock Loan, of course, is the official name of the departments at Wall Street firms which handle the borrowing of stock for clients who want to sell short. Someone getting out of the business perhaps?

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