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Oh dear : FSA bans short-selling
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Oh the FSA suddenly gets some teeth, belatedly, after being neutered by Labour for the past few yearsHard Brexit now!
#prayfornodeal -
About 5 years too late to be honest, but at least it's been done.
The ban should be applied to all companies, not just those in the financial sector, shorting is often carried out with malicious rumour mongering and it's a cynical attack.Comment
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FSA was not doing this stuff before because its main lobbyists - banks, were engaged in this stuff themselves and were making money, now the tables have turned and they are under threat so they got short selling banned pretty quickly - it seems to affect financial companies only rather than all short selling - it's okay to screw everyone else but not the banks, how odd eh?Comment
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It's just another 'something must be done' action by this evil corupt regime.
As noted in a comment on Guido's blog, the FSA found no indication of HBOS manipulation back in July.How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Originally posted by AtW View PostFSA was not doing this stuff before because its main lobbyists - banks, were engaged in this stuff themselves and were making money, now the tables have turned and they are under threat so they got short selling banned pretty quickly - it seems to affect financial companies only rather than all short selling - it's okay to screw everyone else but not the banks, how odd eh?Comment
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Originally posted by AtW View PostFSA was not doing this stuff before because its main lobbyists - banks, were engaged in this stuff themselves and were making money, now the tables have turned and they are under threat so they got short selling banned pretty quickly - it seems to affect financial companies only rather than all short selling - it's okay to screw everyone else but not the banks, how odd eh?Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostYou haven't a clue so shut it.Comment
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OK FSA means: Financial Services Authority, its the body regulating financial organisation... so how on earth is it going to ban or attempt to regulate non-financial companies??!!!Comment
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Originally posted by SandyDown View PostOK FSA means: Financial Services Authority, its the body regulating financial organisation... so how on earth is it going to ban or attempt to regulate non-financial companies??!!!Comment
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