The ban on naked short sales of euro-denominated government bonds, credit default swaps based on those bonds, and shares in Germany\’s 10 leading financial institutions was announced after European markets closed on Tuesday.
This only applies in Germany but still, what on earth are these people trying to do?
Banning CDSs on bonds? You mean people must now carry the risk of default themselves, rather than being able to hive it off to others?
Umm, don\’t people understand that this will simply increase the interest that governments must pay to borrow?
Seriously, what on earth are these people doing?