Bravo to the SEC!
The Securities and Exchange Commission made a good common-sense move today -- it made a temporary ban on naked short-selling permanent. It is also considering further moves on short-selling.
Naked short selling (short selling when you haven't borrowed the underlying security) is an example of something that does more harm than good under the guise of "liquidity"; Naked short selling acts like napalm thrown into a fire when markets collapse as they did last fall.
-Anand (who is short-ish, but not naked or selling)