Irish Liberty Forum

Short-Selling Ban Blamed for Bank Freefall

with 2 comments

Hate to say I told you so, but read today’s news:

Dublin’s ISEQ index slumped 7.7% to stand at 3,6871 by 1pm – down 305 points. The banking shares were in freefall with their losses being blamed on the ban of ‘short selling’ of financial stocks, which was announced last week. Traders said the ban prevents speculators from balancing out investment risks and resulted in far fewer people willing to buy bank shares as a result.

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Written by Graham

September 23, 2008 at 1:26 pm

Posted in economics, finance, Ireland

2 Responses

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  1. Very well noted.
    Next they’ll prevent people from selling their shares!
    Those damn pesky investors!!!!!!!

    Retrolives

    September 23, 2008 at 10:13 pm

  2. […] of the Irish Liberty Forum, notes that as predicted a free fall in financial stocks was a risk associated with banning short-selling and could have […]


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