Bush: Wall St. evildoers to be 'persecuted'

Just like he Persecuted, Prosecuted, whoever leaked Valerie Plame's name!

Remember brother, Niel and the Silverado S&L meltdown!!?

Source: Chicago Tribune
Many Wall Street operators who engage in the usually legal practice of making trades based on a hunch that a company's stock price is overvalued have been feeling victimized today, after federal officials, trying to stop the market meltdown, made such trading in financial stocks off limits until next month.

And maybe the short sellers as they're called, have something to worry about based on what President Bush said today during a brief appearance in the Rose Garden:

The Securities and Exchange Commission has issued new rules temporarily suspending the practice of short selling on the stocks of financial institutions. This is intended to prevent investors from intentionally driving down particular stocks for their own personal gain. The SEC is also requiring certain investors to disclose their short selling, and has launched rigorous enforcement actions to detect fraud and manipulation in the market. Anyone engaging in illegal financial transactions will be caught and persecuted .

Who knew persecution was in the federal statutes? Maybe the feds will give the guilty a choice: tar and feathering or being run out of town on a rail.

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