Once they see how stocks go down with no shorts to cover they will rescind this. Currently Joe public is using credit cards to replace the money he got from home equity, only a matter of time before he raids the 401K to fill the SUV.
"When I picked up my newspaper yesterday, I thought I woke up in France. But no, it turned out it was socialism here in the United States" "We no longer have a free market in the United States, we have a government controlled free market'' - Senator Jim Bunning If you want to short-sell now, better go trade on the French stock market - it's still legal there
The last time we pulled all this crap was the great depression. The government is going to start monetizing all bad debt.
Emigrate to a genuinely free capitalist country, like France, where both short-selling and gambling are legal. Whatever you do, don't stay in a socialist command economy like the USA.