Thursday, January 22, 2009

Monetary authorities fumble brewery test

The Guardian reports that Alistair Darling was given only 1 hour warning by the FSA before they lifted the ban on short selling last week that led to a 25% loss in the share price of Barclays Bank.
Although this shows a worrying lack of communication between the FSA and the Chancellor, (the FSA said it was an "oversight") Darling must have known that the FSA ban would expire on 16th January.

The words "piss up" and "brewery" come to mind.

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