“No evidence” bank CDS used as sovereign shorting proxy
Christopher Whittall, 30 April 2013
LONDON, April 30 (IFR) – The European Union’s ban on short selling government debt using credit default swaps is pushing hedging or speculative activity into the bank CDS market, according to some market participants, but analysis from JP Morgan has poured cold water on these claims.
Sovereign CDS trading volumes have fallen off a cliff since the EU’s ban on naked or outright short positions came into force last November, with some arguing that trading is migrating to financial CDS, which are not covered by the rules. Continue reading “Article: “No evidence” bank CDS used as sovereign shorting proxy”
Stop Wall Street From Fraudulent Trades That Short Sell & Undermine the American Dream
The Wall Street trading practice known as “naked short selling” is destroying the American dream by threatening our economy while robbing investors, businesses, retirees, homeowners, and hard-working Americans of trillions of dollars and jobs. This illegal practice helped bring down our economy in 2008 and is a concern of all Americans—both Republicans and Democrats. We demand that the White House and members of the Senate Banking Committee and House Financial Services Committee work with new leadership at the SEC and a new Congress to put an end to naked short selling, once and for all!
Continue reading “Petition: Stop Wall Street From Fraudulent Trades That Short Sell & Undermine the American Dream”