Current Economic Crisis: Could Part Be Terror Attack On U.S. Financials? By Douglas J. Hagmann
A week ago, the Securities and Exchange Commission (SEC) took the unprecedented step of temporarily banning the fairly common practice of "short selling" securities in response to the widening economic crisis in the U.S. The essence of the ban is that the SEC has placed a hold on "short selling" in 799 financial institutions until October 2, 2008, in tandem with the FSA, which is the British counterpart of the SEC.
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