Originally posted by aceboy
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Shorting ban sends bank shares soaring
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Originally posted by aceboy View PostHas anyone actually proven the the Short selling was to blame for the HBOS fall?
The BBC news last night reported that when the (market) investigated the trades over the last few days they found very little evidence of short selling and concluded that this was not to blame....Comment
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Who cares about shorting? I've been longing the FTSE since the news broke last nightThe mind is its own place, and in itself, can make a Heaven of Hell, a Hell of HeavenComment
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Originally posted by Peoplesoft bloke View Posthow come they are all soaring now it's banned?
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Originally posted by Peoplesoft bloke View PostI saw this too, but if short selling wasn't causing falls in the prices, how come they are all soaring now it's banned? (NB I am not claiming to know - genuine question)
How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Originally posted by HairyArsedBloke View Postit's because the US tax payer is going to take over all that dodgy debt.Comment
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The markets are very fickle, there are some fundamentals that drive things, but a lot of it is to do with sentiment, and opinion.
My personal view is: HBOS are the UK largest mortgage provider, while they may not have a lot of toxic (read credit default) exposure on their balance sheet they do hold a lot of UK mortgages. Now while the UK mortgage market has not been caught up in the US sub-prime problems, the potential for people to default on mortgage payment is increasing by the week as the economy slows down & people loose jobs.
I was out which a chap last night who's wife used to work at Nat west in their mortgage recovery department, when she was first started she could not believe the type & numbers of people who would default on their payment, just because they could! Yes there was a lot of genuine ones but a lot were not.
I think all of this fuelled the mass sett off / panic!Comment
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Originally posted by aceboy View PostT.......when she was first started she could not believe the type & numbers of people who would default on their payment, just because they could! Yes there was a lot of genuine ones but a lot were not.Comment
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