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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (186455)	8/7/2002 7:07:19 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 436258

>>At the same time, Yanagisawa proposed tighter regulations on short selling, in which an investor borrows shares and immediately sells them, hoping to buy them back at a cheaper price so he can pocket the difference. In the spring, the government blamed short-sellers for the Tokyo Stock Exchange's poor performance. Another problem has been the financial industry's inability to convince individuals to bet on Japanese stocks. To help alleviate the perceived problems, Yanagisawa called for easing regulations on how securities can be sold inside bank branches. "We aim to create markets where those who do not have experience in stock trading can gain familiarity with stock trading," Yanagisawa said.<< what surprises me is just how openly this was admitted. is it a sign of desperation or pure stupidity? both?