More on the SEC and Short Selling

Yahoo has some links to commentary.

On the few occasions I've looked at the New York Times recently, its readability has seemed to be improving. Of course, it might be my attitude that's changing. Joe Nocera slammed the SEC on July 16 and twice on July 15.

The Times notes the avoidance of creative destruction in the government response to the crisis, and wonders if we're risking Japanese-style stagnation. As I write the S&P 500 is about 5% below its value--denominated in debased dollars--when Bush took office, so we may be well into such stagnation already.