This is so frickin unbelievable. I mean, this really isn’t a free market anymore is it if the gov starts to do this?

The ban on short selling on financial stocks is in play. I wonder what this is going to do to all the inverse-funds and ultra short funds? Are the funds going to be forced to liquidate? If so, do we get a massive short sell squeeze?

Edit: Looks like it’s already happening…..

AMER INTL GROUP INC (NYSE: AIG)
Pre-market Real-time: 4.01 1.32 (49.07%)

AMER EXPRESS INC (NYSE: AXP)
Pre-market Real-time: 42.05 4.33 (11.48%)

BK OF AMERICA CP(NYSE: BAC)
Pre-market Real-time: 36.37 5.79 (18.93%)

CITIGROUP INC (NYSE: C)
Pre-market Real-time: 21.00 4.35 (26.13%)

GOLDMAN SACHS GRP(NYSE: GS)
Pre-market Real-time: 141.82 33.82 (31.31%)

ML CO CMN STK(NYSE: MER)
Pre-market Real-time: 28.26 6.20 (28.11%)

MORGAN STANLEY(NYSE: MS)
Pre-market Real-time: 34.37 11.82 (52.42%)

WACHOVIA CP(NYSE: WB)
Pre-market Real-time: 19.65 5.15 (35.52%

WASHINGTON MUTUAL(NYSE: WM)
Pre-market Real-time: 4.34 1.35 (45.15%)

ULTRASHORT FINANCIAL(AMEX: SKF)
Pre-Market Real-time: 90.94 Down -24.50 (-21.22%) Ouch