The ban on short-selling of financial shares in the UK is to be lifted, according to Britain's City watchdog, the Financial Services Authority (FSA).
The FSA said the ban would expire as planned on 16 January, despite calls from MPs to keep it in place.
Short-selling is when investors borrow shares which they sell, hoping to buy them back later at a lower price.
You'd have thought seeing the banks have bought the world to it's knees by their financial schemes like derivatives, trading debt, etc. that these sort of practices would be stopped for good!
In the real world, if I was to "borrow" your car and sell it hoping I could buy it back for less money before you noticed it was gone, I'd be locked away surely
The FSA said the ban would expire as planned on 16 January, despite calls from MPs to keep it in place.
Short-selling is when investors borrow shares which they sell, hoping to buy them back later at a lower price.
You'd have thought seeing the banks have bought the world to it's knees by their financial schemes like derivatives, trading debt, etc. that these sort of practices would be stopped for good!
In the real world, if I was to "borrow" your car and sell it hoping I could buy it back for less money before you noticed it was gone, I'd be locked away surely
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