Four European nations ban short-selling of bank stocks
Aug 11, 2011
This is very significant, since big money interests have had the power to bring down entire nations through the weapon of short-selling. I think this weapon of mass financial destruction should have been banned from its beginning. Some Powers That Think They Be are probably going to be quite unhappy with this restriction.
I see it as a very important step in the currency wars going on behind the scenes.
"France, Italy, Spain and Belgium are banning short-selling or the holding of short positions from Friday.
"After a week of turmoil on the European financial markets that has seen stocks come under ferocious pressure – especially French banks – the European Securities and Markets Authority said short-selling would be banned by the four countries."