Turfie said

It seems like there are some new proposals being worked on that would favor large institutions who made terribly bad decisions over-shorting stocks.

The sentiment in these rules is to prevent undue harm to the greater market.

This answers a few of my questions all along. Why doesn’t these hedges and big banks just close (not cover, but close) their short positions. They are fighting tooth and nail to live another day. It seems now they are just buying time until new rules get out in place to protect them.

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