With the sell-off happening and European banks taking a hammering, it's good to see that the short-selling ban has worked...Oh hang on, it hasn't has it. The problem with politicians is that they look for solutions that aren't there.
Such is the case with the short-selling ban. Short-selling was never a cause for the collapse in 2008, that was down to bad debt, bad credit and a ceasing up of liquidity.
Short-sellers are the canaries in the mine, the problem was that far too many thought they were (to mix the metaphor) the message not the messengers.
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