Italy Places Three Month Ban On Shorting Monte Paschi

I have no problem with Government intervention especially in the midst of a financial panic but the short ban NEVER works in fact if anything it probably gives Governments the false comfort of providing protection which would discourage real action to solve the deep issues. Short sale bans have been tried before in Europe and I think they are even in place in Greece – despite them being a dismal failure why not try more? This comes a day after the termporary Monte Paschi short ban. Italy is also considering injecting fresh capital into Banca Monte dei Paschi di Siena…