British LibDem party wants to stop hedge-funds from shorting banks
The head of the British Liberal Democratic Party has called for regulators to step and and force hedge-fund managers to stop short-selling failing banks, making billions as the banks stumble and are rescued with tax-money.Speculation is a normal part of trading in shares, but on this occasion the hedge funds are betting against the taxpayer, since they know that if a leading British bank were to collapse, the Government would have no alternative but to intervene.It's hard to know who to root against here, the hedgies who invented exotic, incomprehensible over-the-counter instruments or the banks who bought them with their customers' deposits. FSA must stop ‘short selling’ of bank shares – Cable
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Cory Doctorow
Upcoming appearances
* Feb 9, 2012, DeKalb, IL: Day of Doctorow, NIU
* Feb 10-12, 2012, Chicago, IL: Capricon 32
* Feb 13, 2012, Arlington, TX: UT Arlington College of Engineering Distinguished Speaker Series
* Feb 16, 2012, Victoria, BC: 13th Annual Privacy and Security Conference
Recent books:
* Context (essays)
* With a Little Help (short stories)
* For the Win (YA novel)
* Makers (adult novel)
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