Ban Short Sales?
From Trader Daily comes some nice sarcasm:
Stocks have lost $3 trillion in value globally this week and someone’s got to pay for that. But who? The hedge funds, of course. After all, didn’t they bring us tooth decay, Lou Gherig’s disease, cancer and government-created killer nano robot infection? The answer is yes, naturally. Certainly stocks taking such a beating is not an indication of their lack of desirability (really, who does not want to buy a boatload of financials right now?) but of the presence of pernicious forces at work that must be stamped out. Here’s how the U.S. and U.K. are once again teaming up to fight the latest wave of global evildoers. Think of them as financial terrorists. And remember, we are not halting the basic functions of our beloved financial system without good reason. We are fighting for our freedom.
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