Reply #90: Belgium, France, Italy, Spain Overrule European Regulator, To Impose Standalone Short-Selling Bans

[Hawkowl]

http://www.zerohedge.com/news/belgium-france-italy-spain-overrule-european-regulator-impose-standalone-short-selling-bans

"Stop the presses. Barely did we have time to report that European regulators failed to impose a coordinated short selling ban, that Bloomberg reports that the countries most impact by the market plunge are about to impose standalone short-selling bans. These are Belgium, Italy, Spain and France. In other words, it really is on and the 2008 Lehman PTSD flashbacks may now resume. Until we get a headline that says it isn't. The rescue of the Borsa Italian is now more schizophrenic than that of Greece. As a reminder, in the previous post the FT quoted Abraham Lioui, a professor at the Edhec business school in France, who said “It is the worst thing to do right now. This would signal to the market there may be something fundamentally bad that is happening." He is correct. Something is fundamentally very wrong and about to break."

I think the rumor yesterday about a French bank going under is probably fundamentally true. Somebody knows the shit is going to hit the fan. These past few weeks are eerily reminding me of 2008. I believe it's deja vue all over again. Except this time, the Fed is out of tools and the fiscal policy is fucked. 1937 anyone?