Financial turmoil claims more casualties

The UK government nationalises Bradford & Bingley, Citi buys Wachovia for $2bn and the House of Representatives reject the $700bn bail-out plan as Republicans vote two-to-one against it. Just when you thought the short selling ban was stabilising the markets and the bail-out was reaching a positive consensus.

Update: The ban on predatory short selling proves counter-productive for the predator. And is Lloyds reconsidering its takeover of HBOS under falling share prices?

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