More Comments from Cuomo on Short Selling Probe
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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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