Tuesday, 20 January 2009

Lloyds shares almost halve after fears of nationalisation shift

Daily Mail
# Lloyds shares almost halve as nationalisation fears shift
# RBS falls another 10% after Monday's massive plunge
# Barclays and HSBC also post losses as traders panic
'Market behaviour sent a firm yet very precise, if somewhat unfortunate, message to the Government that they neither believe the latest bail-out plan will work nor, perhaps more importantly, that it is affordable and that it potentially contains too much risk.'
...The removal of the ban on short-selling as of last Friday - by which traders bet on falling shares - has added to the sense of panic."

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