The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (140559)	8/11/2008 7:35:41 PM
From: Les H	Read Replies (1) of 306849

Get Shorty Effective Wednesday, naked short selling is fair game once again in the banking sector. This time, however, the financials may be spared. Should the financial sector endure yet another harrowing period of wild market swings and rumors later this week, expect regulators to round up the usual suspects - namely, the short sellers. Effective Wednesday, the Securities and Exchange Commission lifts its moratorium on the practice of "naked" short selling some 17 domestic and international securities firms, along with the twin mortgage buyers Freddie Mac (FRE, Fortune 500) and Fannie Mae (FNM, Fortune 500). Last month, regulators announced the plan as part of an effort to soothe some of the panic surrounding the financial services sector that had reached a fever pitch. At the time, many in the market were blaming the community of short sellers, or those investors who profit when a stock goes down. money.cnn.com

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