First off, you can short penny stocks you just can't short them on institutions like E-Trade, Fidelity, etc. But there are plenty of institutions who do let you short them like ThinkorSwim.
Next, those two hillbillies from Tennessee and Virginia's bill will be DOA. Ben Bernake isn't going to recommend to shut down the backbone of the housing recovery. FoxBusiness analysts and also Dem. Senator Harry Reid recommends keeping it together.
Third, if it is privatized then the companies will exert profit for the shareholders once they are let out of c-ship
This is a win-win-win for any investor -- get in before the train leaves the station or be left behind chasing!