Monday, 20 April 2009

The short selling ban: not so bright after all

EDHEC, a prestigious French business school, has released a paper on the ill-effects of the recent ban on short-selling of financial stocks (read it here). I was thinking just this morning how nice it is to see my RBS shares starting to recover now the ban has been lifted.

It least it showed a clear strategy from Mr Brown and Mr Darling: The headline writers say hedge funds are bad and something must be done - here's something - let's do that.

Hopefully this week's budget will be based on more robust thinking. Fingers crossed.

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