|Making a fast buck out of others misery|
Italy, Spain and Belgium have joined the French in a ban. But the sad thing is it's only for a couple of weeks. When they lift the ban the speculators will be back on form. And Societe Generale will be back defending themselves. Chief executive Frederic Oudea said the speculation about his bank was "absolutely rubbish". He went on to say, "People are scared, so the tiniest information touches off irrational fears. To our clients, we have to tell them that these rumours are baseless and that they can have confidence in Societe Generale."
I'm in favour of free enterprise and entrepreneurial activity. Basically, be rewarded for taking risks, working hard and contributing to society. The short-sellers are only in it for themselves. They are gamblers. It's the nasty side of capitalism. We could do with a permanent ban.