Here’s what David Rule said in answer to Martha’s questions about the concerns over ‘short selling‘:
“Vince Cable needs to think a bit harder about .. [banning short selling of shares]
“We mustn’t be hasty here, and jump to ill-thought through responses based upon people’s diagnosis of what’s happened, which themselves may not based upon the underlying facts.”
Guido has a low opinion of Vince Cable, believing him to be over-rated. He may be an economist, but that doesn’t make him a city trader, banker, or finance expert. It’s bee said many times before, put 10 economists in a room together, ask them a question, and you’ll get 15 different answers.
John Redwood also questions Vince Cable’s knowledge of the financial markets.