What a wonderful headline in the FT today:
Bank shares sold off across Europe
Too bad those new shorting rules are in place. Those evil short-sellers may have been able to extract a good chunk of value from the falling shares instead of just watching the monies evaporate into thin air.
Chalk up another win for the unintended consequences of governmentalism!
(Mass Hysteria Update: One of the totems used here at NP as a barometer on how leftdom is "feeling" about things continues to sing the praises of a ban on short-selling of equities. Limiting the amount of liquidity in the system at a time when liquidity is in short-supply. A note to those on the left, try actually thinking versus feeling in the future, the collective we might all be better off.)
Behind the Façades in France: What expats and the mainstream media (French and American alike) fail to notice (or fail to tell you) about French attitudes, principles, values, and official positions…
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