And short sellers talk about their bets all the time: on social media, cable TV, in blog posts and articles that sometimes reach millions of people. Short selling on its own is perfectly legal - it’s just placing a bet that a stock price will go down. On Thursday, the ABA sent a letter to the Securities and Exchange Commission asking the agency to look into the issue. The American Bankers Association is laying some of the blame for that at the feet of short sellers trying to scare people into thinking banks are about to go under so that the stock price falls and they can profit. We saw an example of that this week when banking stocks were tanking while smaller banks across the country were saying they were fine. Here at Marketplace, there’s a particular saying we like: The stock market is not the economy.
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