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The free-flow of information is key to a healthy market. Yet, the SEC seems to want to put a stop to it unless it's information. Naked short selling (shorting a stock you haven't actually borrowed) has always been against the rules. The hedge fund...
In trying to fathom the amount of capital that financial firms have destroyed since last summer, I called an acquaintance who used to work at Merrill Lynch.
You might think that Bank of America, the nation's largest consumer bank, could pose a formidable threat to Wall Street's retail brokerage powerhouses. After all, it has a veritable army of affluent clients to whom it could offer financial advice...