SEC Bans Shorting of Financials
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?
For SEC announcement: