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Custard Insurance

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  1. According to Robert J Shapiro (quoted above) it does. I can see shorting affecting the ability of small companies to get funding if the share price is being depressed by shorts so maybe there should be some more limits but I'm not sure there should be complete ban. I don't think I should have signed that petition LOL, seems to have got sigs than the HFT petition.
  2. I think if the market has crashed it doesn't matter if shares are shorted or not but under stable economic conditions should shorting be allowed to bankrupt companies?
  3. I had a look on wikipedia this morning and found this, so not sure if a ban makes any difference: On May 18, 2010, the German Minister of Finance announced that naked short sales of euro-denominated government bonds, credit default swaps based on those bonds, and shares in Germany's ten leading financial institutions will be prohibited. This ban went into effect that night and was set to expire on March 31, 2011. On May 28, German financial market regulator BaFin announced that this ban would be permanent. The ban is effective July 27, 2010. The International Monetary Fund issued a report in August 2010 saying that the measure succeeded only in impeding the markets. It said the ban "did relatively little to support the targeted institutions’ underlying stock prices, while liquidity dropped and volatility rose substantially." The IMF said there was no strong evidence that stock prices fell because of shorting. On the same page though : Robert J. Shapiro, former undersecretary of commerce for economic affairs, and a consultant to a law firm suing over naked shorting,[21] has claimed that naked short selling has cost investors $100 billion and driven 1,000 companies into the ground.[10]
  4. Jago, just out of interest, why is short selling banned in germany?
  5. I don't know how effective these will be but here are two petitions to stop HFT and short selling if you hate that sort of thing. http://epetitions.direct.gov.uk/petitions/62851 http://epetitions.direct.gov.uk/petitions/64220
  6. Thursday is usually quiet in Reading as most people go out on wednesday night.
  7. Im sure Snapps even confirmed this when he said the policy wasnt his but from the 'industry', the industry being house builders i presume. Unless I misheard him of course....
  8. I think the timing of the update was more than a coincidence.
  9. Jeez 19 pages already! Just as well the site was updated yesterday.
  10. I closed my Santander account today, I was expecting to have a casino royale style interrogation but it was surprisingly easy. I then went into HSBC to open a savings account and they didnt want my money, how bizarre!
  11. Im sure it says basel 3 in the article, which is a captial ratio of 4.5% compared to 2% for basel 2.
  12. I had a fleeting look at the report and couldnt see any kind of breakdown so why have the Halifax reported an increase in prices when the RICS and Rightmove reported a decrease? Are the halifax only lending to ppl who are in a bidding war for a house and so can therefore report an increase. Its a bit odd.
  13. There was another hindenburg yesterday, but im not sure how reliable these sites are. http://www.thestreet.com/story/10843400/1/bad-data-sickens-mr-market-daves-daily.html?cm_ven=GOOGLEN http://www.dailymarkets.com/stock/2010/08/24/us-stock-market-correction-warning-a-third-hindenburg-omen-confirmation/
  14. I get it, u and tulip dish out some abuse and then pretend ure joking. You 2 are awesome.
  15. Thats all u can come with, i didnt once mention women, public sector employees,polish builders or mumsnet.
  16. House prices do traditionally go down in August as only buyers can go on holiday during august. It's illegal for anyone who is selling a house to leave the country or take time off work, hence the lowering of prices. I thought everyone knew that. ;-)
  17. NP. I think it hasnt been reported much is because its only 0.6% and no amount of postive spin would disguise the fact that it's non news dressed up as good news. I could be wrong though, i am a n00b after all.
  18. It was a tiny 2 paragraph article splapped into the business pages which are usually 2/3 rds of the way in.
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