In the depths of the financial crisis a year ago, short sellers were blamed for driving some of the world's biggest financial institutions to the brink of ruin. Regulators around the globe responded with emergency bans on selling those stocks short.
Those bans have nearly all disappeared. It isn't much harder now to bet against companies than it was before the crisis. The prohibitions didn't stop stocks from tumbling and some say hampered trading.
The legacy of the crisis may turn out to be rules that address longstanding controversies with short selling and attempt to prevent selling frenzies like those ...
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