New Short Selling Rules!

Just reported, there are new rules that naked short selling will not be allowed in Fannie Mae and Freddie Mac for up to 18 months.

This may also include primary dealers.

Lehman (LEH) is up 14+% on the news.
Washington Mutual (WM) up 24%
Fannie Mae still down 14% but 20% from the bottom
Freddie Mac still down 14% but up ab out 30% from the bottom

I will keep this post updated.

UPDATE:

*CONFIRMATION* *CONFIRMATION* *CONFIRMATION*

Naked Short Selling protection extended to Primary Dealers