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Official Statement From Spanish Regulator On 15 Day Financial Short Selling Ban, Which Also Includes OTC Derivatives
Just as in the case of France, here is the official statement from the Comision Nactional de Marcado de Valores, disclosing the Spanish 15 day prohibition on shorting stock. The banks impacted are Banca Cívica, S.A., Banco Bilbao Vizcaya Argentaria, S.A., Banco de Sabadell, S.A., Banco de Valencia, S.A., Banco Español de Crédito, S.A., Banco Pastor, S.A. Banco Popular Español, S.A., Banco Santander, S.A., Bankia, S.A., Bankinter, S.A., Caixabank, S.A., Caja de Ahorros del Mediterráneo, Grupo Catalana de Occidente S.A., Mapfre, S.A., Bolsas y Mercados Españoles, S.A., Renta 4 Servicios de Inversion, S.A. Unlike Frace, Spain has also explicitly banned not only short cash transactions, but also any position in OTC derivatives "which involves creating a net short position, or increasing an existing one." Next and last: the Italian statement, as frankly nobody cares about Waffles.
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solved
found rss for ZH Twitter sans the naked man avatar
https://twitter.com/statuses/user_timeline/18856867.rss
Official statement by spaniard financial authorities to short selling ban:
Oh geez, now you're really gonna unleash Sudden Debt with the waffles comment
Wait, Sudden Debt haas a LEASH?!
Color me skeptical.
That fact that he keeps chewing through it doesn't mean he doesn't have one.
O.T
So the company I work for reported earnings after closing today. We barely hit consensus on our fourth quarter eps and projected lower then consensus eps for 2012. That's bullish right? No need to worry about my job right?
You'll be fine.
That new guy you'll be training to take your job is just for future growth.
Trust us.
We've got big plans for you.
Honest.
We have already shorted your future sorry to have to break it to ya.
take it like a trooper,k!
I actually care more about Waffles.... glad he got home safely...
http://www.collapsenet.com/154.html
Damn, they included the OTC market.
So when do I schedule the cheap Spanish vacation?
Anyone know what a Spanish hooker is going for these days? And I mean a hottie, dammit.
isn't there an index for that, similar to the big mac index?
I can't help but to wonder: who and how would enforce the ban on synthetic shorts? Particularly since you can create them outside of Spain, i.e. outside of the Spanish SEC jurisdiction.
http://4closurefraud.org/wp-content/uploads/2010/09/shit-hitting-the-fan...
Soooo, we really get someone's downgrade after close tomorrow
IBEX going to 4.500
Don't worry, everything is fine. LOL!!
Baxter, you know I don't speak Spanish
Tell them to sell their kidneys. Problem solved:
http://thescotsman.scotsman.com/news/Debthit-students-urged-to-sell.6811975.jp
Debt-hit students urged to sell their kidneys
Published Date: 03 August 2011 By Jenny Fyall
STUDENTS should be able to sell their kidneys for tens of thousands of pounds to pay off university debts, according to a Scots academic. Sue Rabbitt Roff believes making it legal to sell the body part would boost the number of organs available to save lives and help students struggling with money.
She argues that donors should be paid the average UK annual income of around £28,000.
It is currently illegal to sell organs and tissues in the UK under the Human Tissue Act (2004) and across the world apart from in Iran.
We really are living in the matrix.
They have a pill for that.
Ah yes, the idea of economic effficiency applied to student loans.
Didn't Hitler have a similar idea about the uneconomic ill and infirmed?
And us with an ageing population.
Sorry grandpa, Mummy says you are an economic burdon - no please go to the soytent recyleing factory please....or would you like a cup of almond tea
Invoking Godwin's Law.
I'm speechless. Good God......
We've arrived.
1984
We have crossed the Event Horizon.
The Nash Equilibrium has been broken.
(Stop for a moment and ponder, seriously, the enormity of that statement.......)
The Hegelian Dialect worked until it doesn't.
Sanity has become the scarcest resource.
Good Lord.
A Scots academic, an individual bestowed by a recognized institution of higher education as of a learned nature suggests such madness?
George Orwell was right.
The masses toil, looted by the oligarchy in the form of a mad mercantilist all powerful and manipulative cancer of egocentric power.
"Some are more equal than others."
-Animal Farm, Orwell
Of course the academic suggests the sale of kidneys to relieve the student debt syndrome, for she is a direct beneficiary of the educational debt machine. The student must incur debts to pay tuition to pay the teachers salary, freedom from which is found through selling ones body.
My God.
This is madness institutionalized, a pinnacle of propaganda. Bernays would be elated.
May God help us all, for we are past saving ourselves.
within 10 years we will have mass farming of organs there is no need to sell if you are aged 10 or under.
Imagine get to bet on organ failure wow The Lords will be pleased.
Why would you distrust your government, Citizen?
Body parts are the new instrument of collateralization, future labour is so yesterday.
Seemz we already got plenty of brain-donors -- too bad the rejection rate is sooo high! :>D
How will this effect any of the MCSI euro indexes that are two times short?
Waffle House: scattered smothered and covered
Spokesperson: Eh! You-a-no-fulin'-a-do-dat-da-by-a-decree ofadah boss. Capiche?
Jean Claude; Pssst.
S: Whaddahuahawana?
JC: Spanish, doofus, Spanish.
S (in Parisian accented French) Oh, mais oui, monsieur. My apologies.
S: Si! Quesqueseyoudoah? Esss no good. Muie no bueno. No mas. Ondele....arrivah,arrivah.
JC: OK, and for the deaf.
S: Waves hands about head maniacally attempting to convince nobody left in the press briefing at dinner time of the momentousness of the moment.
(Curtain falls)
Milwaukee Boy's Choir sings song of Praise To Sanity of European Unity
"Oh little town of Brussles now and then we hear your lies..."
Como se dice "Barbara Streissand Effect" en Espanol?
"Like buttah"
Of course the Spanish have a brilliant record of getting things right.
Since 2004, with Zapatero and the green economy idea came to power with the national socialists, they have managed 22% unemployment and huge deficits, with 2 jobs lost for every green job. Highest unemployment in the developed world. This is what Obama is intentionally trying to copy.
Or was it Mugabe?
I must have missed where the socialists obtained a time machine and manufactured a giant housing bubble and crashed it to give themselves a path to power. Ingenious of them to privatize all those state-owned companies allowing the slashing of jobs too.
Dimwit.
Sure you missed it: the housing bubble started in the 80s.
HMMMMM... 15 day ban, 15 days til jackson hole...
I can't read that. I only speak two languages, English and Bad English.
Perhaps a 'Translator' would help...
The full report: A copy of the full, 36-page report, “The Undesirable Effects of Banning Short Sales” is available at
http://docs.edhec-risk.com/mrk/000000/Press/EDHEC_Undesirable_Effects_Short_Sales_Ban.pdf.