Earlier today, we looked at an October 18, 1930, NYT editorial on on Short Selling. As we now see via Google News, bad ideas are contagious:
• Germany restricts short selling of financials
• Netherlands bans short-selling
• Australian Regulator Extends Ban to ‘Covered’ Short Selling
• Dutch ban ‘naked’ short selling for 3 months
And in related news:
• Short-selling set to debut in Egypt as the West moves to curb it
See Jum Chanos’s WSJ OpEd:
Short Sellers Keep the Market Honest
JAMES S. CHANOS
WSJ, SEPTEMBER 22, 2008
http://online.wsj.com/article/SB122204250955761325.html
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