Stocks: Time to Slow Things Down?
by Joseph Weber
Market experts consider such steps as banning short-sellers, requiring trading breaks, and setting up exchanges for credit default swaps
As panic-selling tears through (BusinessWeek.com, 10/9/08)> the world's stock markets, destroying billions of dollars in wealth in mere hours every day, experts both inside and outside the nation's stock exchanges are calling for dramatic steps to stop the routs. A full-scale ban or restriction on short-selling, regulation of traders who use powerful computer programs to trade millions of shares of stock in seconds, and even temporary breaks in the trading day to give investors a chance to catch their breath are among the ideas being bandied about.
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