The SEC has extended its emergency limit on short sales, which was supposed to be over yesterday, to August 12. Sadly, the companies–Wachovia, National City, WaMu– begging to be added to the 19-man roster, have been denied. Not that those being left out of the fun are ready to see it this way just yet, but this is actually a good thing. If the SEC threw you a bone, you’d be required to spend at least a few hours coming up with another person or organization (Corey Haim) to blame for your company being in the toilet.
SEC Extends Limit on Short Sales of Brokers, Fannie, Freddie [Bloomberg]