Yesterday we joked that we:
Need a short selling ban in Italy. All the evil speculators' fault
— zerohedge (@zerohedge) February 25, 2013 [6]
Today, we were reminded, that in a socio-fascist, insolvent world, the thin line between the Onion and reality no longer exists:
- ITALY'S CONSOB CONSIDERS SHORT-SELL BANS FOR HEAVILY SOLD STKS
- ITALY REGULATORS CONSIDER MEASURES TO TIGHTEN VOLATILITY LIMITS
- ITALY REGULATOR DISCUSSING VOLATILITY MEASURES WITH EXCHANGE
And:
- CONSOB BANS SHORT SALES ON INTESA
Next, as always happens, will be a ban on selling, then finally, a confiscation of all discretionary accounts by the government. Because the government knows what's best for you, and are here to help you with your "sell" execution.