Transparency in Finance and Germany’s Banning of Naked Short Selling (Exclusive Story to eGrumps – June 3, 2010)Thursday, June 3rd, 2010
Fictional Financial Headquarters Exclusive to eGrumps
June 3, 2010
Tensions are developing between USA Financial Markets and German Financial Markets:
America has demanded greater transparency in the financial markets.
German has banned naked short selling in certain issues.
In a prepared statement, the German Minister of Super High Finance stated: “How transparent can the Yanks want us to be. Perhaps they are suggesting Germany X-Ray the naked short sellers, which we have banned, but that hardly seems practical and, in any event will not stabilize the market, although it will increase the demand for German-made X-Ray machines.”
A spokesperson for the American Cabinet Department of Low Finance (A Division of Wall Street in Washington, Inc. doing business as “We Have Our Hands in the Public’s Pockets, Bless You Washington Politicians” ) has responded. ”We are truly encouraged by the generous spirit of cooperation the German Minister of Super High Finance has shown, and America is willing to rethink its position on this contentious subject. We have requested that the Germans send us the pictures of the short sellers, in bathing suits, so that we can decide on the appropriateness of their solution. The company names of the X-Ray machine makers in Germany would also be helpful. “