[PEN-L:28533] RE: Re: short-selling

["Davies, Daniel" <daniel.davies@xxxxxxxxxxxx>]

heh.  Actually, what the FSA said was that they were "sympathetic to
arguments for greater disclosure" and would "bring proposals forward in the
autumn".  Which always used to mean that we planned to do nothing when I was
a civil servant, but I guess times might have changed.  It is the "Yes
Minister" Law Of Inverse Relevance:  The less you plan to do about
something, the more you must talk about it.

-----Original Message-----
From: Doug Henwood [mailto:dhenwood@xxxxxxxxx]
Sent: 26 July 2002 15:42
To: pen-l@xxxxxxxxxxxxxxxxxxx
Subject: [PEN-L:28532] Re: short-selling


Ian Murray wrote:

>FSA investigates short-selling
>
>City regulator anxious to curb stock-lending to make life more
>difficult for bear-traders

Oh yes, blame the short-sellers, not the idiots who bought stuff on
the way up. This is almost American in its stupidity.

Doug


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