SEC to Limit Short Sales of Fannie, Freddie Stock

CNBC reports:

The Securities and Exchange Commission imposed new restrictions on short sales of Fannie Mae and Freddie Mac to protect the mortgage giants from huge selloffs in their stocks.


SEC Chairman Christopher Cox told the Senate Banking Committee that the agency will require short-sellers to pre-borrow shares before engaging in short sales

Fannie and Freddie adds a new special privilege.Not only too big to pay taxes,too big to regulated like a normal company,too big to keep normal accounting books,and now... too big to have normal short-selling rules apply.They sure are special.