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One day after the UK Financial Services Authority pulled a similar stunt, the SEC temporarily banned the short selling of almost 800 financial stocks. According to the ban, on October 3rd short selling can resume.
With the news on Friday, financial stocks rallied.
Here’s the list …

South Korea’s SK Telecom has showed interest in, once again, purchasing Sprint. Sprint…yes, THAT Sprint. I think Sprint has been getting a bad rap though. We’ve had Sprint for over 2 years, and have not had a problem with them. Their internet …

The FBI is starting an investigation into IndyMac about home loan fraud. (as of right now) No one knows when the FBI started their inquest, but I am pretty sure it started around the time the government seized the bank.
The FBI doing an inquest …