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THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

Germany bans short selling of 11 top stocks

Following the example of the United States and Britain, Germany prohibited Saturday short selling of shares in banks till the end of this year. Short selling, a form of futures trading where investors assume a stock will decline in value, has been seen as causing the steep fall in market capitalization that wiped out three of the world's most powerful banks.

Webmaster's Commentary: 

This will collapse the hedge funds.

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