The SEC needs to be closed Down

From the SEC: Statement of Securities and Exchange Commission Concerning Short Selling

Temporary prohibition of short selling in financial companies.
This order will be extended beyond its currently scheduled expiration, to allow time for completion of work on the anticipated passage of legislation. It will expire at 11:59 p.m. ET on the third business day after enactment of the legislation, but in any case no later than 11:59 p.m. ET on Oct. 17, 2008.

Oh well ... SEC allows all this troubles for the past few years, you cannot
expect it to do any better this time round.