More Comments from Cuomo on Short Selling Probe

September 18, 2008 2:17 PM EDT
More comments coming out from the Attorney General's office:
  • the probe into short selling will be "wide ranging"
  • Cuomo wants the SEC to freeze short selling of financial stocks for 30 days
  • besides AIG and Lehman, Cuomo will also investigate shorting of Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS)
  • Cuomo says he will prosecute short sellers spreading rumors
  • Cuomo believes the federal government is "ineffective" in regulating markets

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