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?

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s