- News Home
- UK
- World
- Society
- Politics
- Business & Money
- Science & Technology
- Sport
- Arts & Entertainment
- Weather
So are short-selling 'spivs' really to blame for our financial woes?
So are short-selling 'spivs' really to blame for our financial woes?
Last Modified: 18 Sep 2008
By:
Lucy Manning
Lucy Manning examines how the predators of the financial world do business."
The Financial Services Authority in the UK has announced a short-term ban on some forms of short-selling.
According to Scotland's first minister Alex Salmond, the traders behind HBOS's financial fall from grace were "short-selling spivs and speculators".
With Morgan Stanley just the latest banking group to see its shares plummet, they are not the only ones to blame so-called shorting for the woes of financial companies.
We examine how the predators of the financial world do business.
Explainer: what is short-selling?
Share this article
After the collapse of the US sub-prime mortgage market, the global economy is in the throes of a credit crunch.
Credit crunch »
Credit crunch in the News
Credit crunch in Current Affairs
-
Watch again »
There's now an easier way to watch Channel 4 News when you want to.
-
Best of US Election »
Pick of the Channel 4 News coverage. Launch the video player now.
-
It's all gold »
Watch the best coverage from Nicholas Glass and the team with our arts player. Click to play.
-
Sign up to Snowmail »
The day's news from Jon Snow and the team direct to your inbox.
-
Most watched »
Find out what's getting people clicking online this week.
-
All aTwitter? »
Start following Channel 4 News on Twitter today.
-
World of Hack »
Topical animated cartoons from artist in residence, Hack.
-
Beau Bo D'Or »
Political commentary from our blog artist Beau Bo D'Or.
