Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Tuesday, August 9, 2011

Greece bans shortselling as stocks tank

Selling short (betting that a stock will decline in value) is what torpedoed Greek bonds, now their stock market is under attack. This gesture by the supine government is largely cosmetic, the Greek horse has long ago left the barn and is now stabled at the ECB.

What is happening to Greece is a crime of immense proportion.

http://finance.yahoo.com/news/Greece-bans-shortselling-as-apf-3675445418.html;_ylt=Agfplzp7sLdmSo6Lh0Cx9n_eba9_;_ylu=X3oDMTE2dTRiZmNvBHBvcwMzBHNlYwN0b3Atc3RvcmllcwRzbGsDZ3JlZWNlYmFuc3No?x=0