Germany's financial regulatory agency Bafin banned certain derivatives trades for one year or longer on May 18th. It banned naked short sales of Eurozone countries' bonds, naked credit default swaps (CDS) against those bonds, and naked short sales of the stocks of ten major German banks and insurance companies.
Speaking the next day in the German parliament, the Bundestag, Chancellor Angela Merkel said that she had been forced to act in this way against what she called "an existential threat to financial stability in Europe and even the world."
So why can't this idiot slave Obama do it too?
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