Comments on: When the ALP Regulates http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/ Australian Libertarian Society Blog Sat, 11 Feb 2012 00:45:45 +0000 hourly 1 http://wordpress.com/ By: Politics at sw’as http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/#comment-53228 Wed, 24 Sep 2008 12:02:22 +0000 http://alsblog.wordpress.com/?p=1431#comment-53228 [...] good article over there points out some ALP silliness which I hope stops very soon. Like I had any to begin with. [↩] « More [...]

]]> By: pommygranate http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/#comment-53136 Tue, 23 Sep 2008 09:56:25 +0000 http://alsblog.wordpress.com/?p=1431#comment-53136 more awful regulation about to freeze up the markets completely…

http://www.bloomberg.com/apps/news?pid=20601087&sid=akmnbe4McIsI&refer=home

politicians are just sooooo out of their depths here.

]]> By: jc http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/#comment-53132 Tue, 23 Sep 2008 08:20:11 +0000 http://alsblog.wordpress.com/?p=1431#comment-53132 I’ll back Pom’s comment. The market makers are basically exempt from the short selling rules.

]]> By: E.D. http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/#comment-53128 Tue, 23 Sep 2008 07:51:26 +0000 http://alsblog.wordpress.com/?p=1431#comment-53128 Pommy, you sure? Got a link?

]]> By: pommygranate http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/#comment-53112 Tue, 23 Sep 2008 04:29:35 +0000 http://alsblog.wordpress.com/?p=1431#comment-53112 an interesting side story of the ban; apparently it was Macquarie who lobbied hard for ASIC to impose a blanket ban on short selling. however, they made sure that their own market makers were exempted.

hence Macquarie can short the shares of whoever they like but no one can short their shares :)

]]> By: jc http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/#comment-53111 Tue, 23 Sep 2008 04:22:32 +0000 http://alsblog.wordpress.com/?p=1431#comment-53111 yes Pedro, they can regulate the market and ban short selling.

]]> By: pedro http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/#comment-53108 Tue, 23 Sep 2008 03:43:32 +0000 http://alsblog.wordpress.com/?p=1431#comment-53108 How is the ban established? That is a good question. Does the ASIC have the power to ban a market practice just be diktat?

]]> By: jc http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/#comment-53043 Mon, 22 Sep 2008 08:16:51 +0000 http://alsblog.wordpress.com/?p=1431#comment-53043 imagine what happens when they allow it again. The market will crater.

Geniuses.

]]> By: jc http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/#comment-53042 Mon, 22 Sep 2008 08:16:04 +0000 http://alsblog.wordpress.com/?p=1431#comment-53042 ED
The banned naked shorting in financial stocks. That’s bad shit in itself. These guys banned all short selling for domestic players. Now only foreigners can short. You can still short through CFD’s though and i-banks are creating synthetic shorts for clients, but these are expensive

These two bozos- Dudd and Swan- don’t know what they’re doing.

There’s no floor next time a firm presents a bad result. The stock will just crater and keep going.

]]> By: E.D. http://blog.libertarian.org.au/2008/09/22/when-the-alp-regulates/#comment-53039 Mon, 22 Sep 2008 08:06:43 +0000 http://alsblog.wordpress.com/?p=1431#comment-53039 I think its a case of “me-too.”

The Americans banned it so it must be alright. Afterall, America is a *cough* capitalist country run by a *cough* *splutter* economic conservative President.

]]>