July 30, 2008
I just retired after 32 years as a IT professional at Chrysler. As you know, Michigan and the auto industry is struggling even more than the rest of the country. Chrysler is taking away benefits, my home value is decreasing and everything else is going up in price. Therefore, my financial viability depends on my investments. It appears that my investment in Sangamo BioSciences (SGMO), and other securities, is being impacted by naked short selling as evidenced by the many Failure to Delivers. It is imperative for me and millions of other retirees/investors that the stock markets be legitimate and fair. Manipulating the markets by driving down the price of securities by selling counterfeit stocks needs to be stopped for all securities, not just the 19 using the discount window.