>>>Interesting also that a temporary ban has been put on shorting bank stocks. Normally there would be great gnashing of teeth over interference with the free market (and there probably is). But I guess it's clear at this point that we don't have a free market. They simply don't work without oversight and occasional intervention.
>>>
>>>Seemingly daily interventions, now that's a little scary. I wasn't around in the 1930s so haven't seen anything like this before in the U.S.
>>>
>>>>Well it looks like they have so many problems now; they can no longer wait to do it over the weekend only, almost 24/7 now. I am now hearing Hank, Ben, and several committees in congress are looking to do a RTC type bailout. Although it will be expensive, it is the right move to make if we ever want to put this behind us.
>>>>
>>>>Bob
>>>>
>>>>>>>Another one bites the dust
>>>>>>>http://english.aljazeera.net/business/2008/09/200891551219215862.html
>>>>>>
>>>>>>
>>>>>>Did you miss the whole threads on that days ago? They filed on Sunday.
>>>>>
>>>>>Now the question remains, who goes down this weekend? There's a lot more to do, and so little times. Every week has only one weekend, and we all know the least painful way to cut a cat's tail: a centimeter a day... i.e. they have to do this, whatever they're doing, bit by bit. Now, which domino falls next weekend? Virtual betting remains open next 24 hours.
>
>
>Hopefully a few short sellers will have been caught out by the ban and subsequent massive rise in stock values (FTSE 100 is up almost 10%) so they will have to pay out but no longer have access to their method of making money.

How cruel.