I read about it on CNN and various other places. "They have committee's upon committee's" to get this tweaked with many fail safes that will prevent [manipulative shortselling]. One of the examples I have heard as a failsafe is If a security drops more than 10% on NO news/event the security can not be traded for 2 hours. If it an additional 5% drop once trading resumes on /no news/event the security stops trading for the rest of the day. The duration of putting this in place is not only the review thought process it is also the need to develop software that can track a stock when 5,000 Computers in Dubai throw sequences of market sell orders and limit etc etc.
I think I saw it on CNBC Kudlow report that the consensus is that it will be put in place in October. The market needs confidence for people to invest, Savings by American's has not been this high since 1954. We are going to need market confidence in the years to come, The tax increase on Us are going to be extensive, many many Americans IMo will turn to the market to Make MORE money that has been taken from them for various Important projects like bridges to nowhere and the pressing studies on the Nevada Sand flea./
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