SEC extends restrictions on short-selling (AP)

Posted by admin on August 5, 2008 under News | Be the First to Comment

SEC extends restrictions on short-selling (AP)

In this May 2, 2007 file photo, the Fannie Mae building in Washington is seen. Rescue legislation sailed through the House Wednesday, July 23, 2008, aimed at helping 400,000 strapped homeowners avoid foreclosure and to prevent troubled mortgage giants Fannie Mae and Freddie Mac from collapsing. (AP Photo/Manuel Balce Ceneta, file)AP – Federal regulators on Tuesday extended through mid-August a temporary order banning a certain kind of short-selling of the stocks of mortgage finance companies Fannie Mae, Freddie Mac and 17 large investment banks.


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