NEWS

In a May 20 editorial, the Wall Street Journal opined, “Removing short-sellers from the market silences the messengers, but it does nothing to improve the finances of Europe’s debt-laden government. And barring investors from betting against the shares of German banks won’t reduce their exposure to Greek and other troubled debt.

“After the panic of 2008, the backlash against banks and financiers was at least understandable. In some cases, it was even justified, as many bankers avoided paying for their own mistakes thanks to the bailouts. But in this case the source of the problem lies squarely with governments that cannot pay their bills. Shooting the short sellers won’t change that.”