Shorting Shackle Extended Through August

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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]

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