FSA adopts Vince Cable’s policy on bank shares
Earlier this week Vince Cable called for action on aggressive short-selling of bank shares… and now Guido Fawkes has spotted the news that the Financial Services Authority (FSA) is indeed banning short-selling in financial companies.
Plaudits for Vince, but this drastic action is also a sobering reminder of just how deep the current financial crisis runs.
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