It Rarely Rains When it is Sunny Out
Posted in Economic Illiteracy, Regulation on Sep 22nd, 2008
In the latest exercise in brilliance, the all knowing and ever powerful deities in Washington (most of whom were not elected) have decided that it makes sense to ban the short selling of stocks of 799 financial companies. Why? Because finance companies said that short sellers are contributing to a decline in their share price.
