financials

as of 9:15 premarket,
gs up 30% to 140
ms up 46% to 33
leh up 115% to .115
aig up 50% to 4.07
citi up 30% to 21.75
xlf up 20% to 24
uyg up 25% to 23.52

Whoever said China, the largest communist country in the world, has a free-er market than the US was dead on. The last time the NYSE banned short-selling, they had to repeal it two days after because it was artificially raising prices (no fucking way!).

What next? Reinstate the uptick rule?

Better yet, why not just follow Pakistan's lead in forbidding the market to drop?
http://www.cnbc.com/id/26439444

For SEC announcement:
http://sec.gov/news/press/2008/2008-211.htm