makeithappen
06-01-2009, 11:46 AM
UK short-selling ban to be lifted
The FSA said it would re-introduce a ban on short-selling if need be
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.
But rules requiring the disclosure of "short" trading positions will be kept for an extra six months, the FSA said.
Short-selling is when investors borrow shares which they sell, hoping to buy them back later at a lower price.
More on the web site - http://news.bbc.co.uk/1/hi/business/7812816.stm
So with all the info about things will happen when Obama takes over, big things for him to deal with. This looks to me like it is happeneing just in time for the Bankers to get the short bets into the market!
Well I might just join them! £10 a point on the FTSE drops by 2000 points in a day following this big event that Obama will have to deal with. Makes me £20k to move over seas and get out of this country. If we can not stop them today and we can see what they are doing. Well I intend on taking advantage of them! Get them to pay me!
The FSA said it would re-introduce a ban on short-selling if need be
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.
But rules requiring the disclosure of "short" trading positions will be kept for an extra six months, the FSA said.
Short-selling is when investors borrow shares which they sell, hoping to buy them back later at a lower price.
More on the web site - http://news.bbc.co.uk/1/hi/business/7812816.stm
So with all the info about things will happen when Obama takes over, big things for him to deal with. This looks to me like it is happeneing just in time for the Bankers to get the short bets into the market!
Well I might just join them! £10 a point on the FTSE drops by 2000 points in a day following this big event that Obama will have to deal with. Makes me £20k to move over seas and get out of this country. If we can not stop them today and we can see what they are doing. Well I intend on taking advantage of them! Get them to pay me!