Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (401308)	7/24/2008 1:37:14 PM
From: bentway	Read Replies (2) of 1577829

SEC Emergency Order Leads to Dramatic Drop in Short-Selling of Fannie Mae and Freddie Mac Securities Wednesday July 23, 6:00 am ET Business Intelligence Firm Reports 90 Percent Reduction AUSTIN, TX--(MARKET WIRE)--Jul 23, 2008 -- According to market statistics analyzed by S3 Matching Technologies, the SEC's emergency order to enhance investor protections against "naked" short selling in 17 financial institution securities has reduced short sells by about 70 percent for the targeted symbols, and 90 percent of short selling of Fannie Mae and Freddie Mac securities. S3, which processes trades for the country's largest brokerages, compared short sells of Monday, July 14, prior to the SEC order, and Monday, July 21, the first day the emergency rule was implemented. biz.yahoo.com Does Short-selling Need the SEC's Oversight? Published: July 23, 2008 in Knowledge@Wharton knowledge.wharton.upenn.edu

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