Bursting the Vince Cable bubble

In yesterday’s ‘The World at One’, Martha Kearney interviewed David Rule [as I posted HERE], London-based chief executive of the International Securities Lending Association.

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.

One thought on “Bursting the Vince Cable bubble

  1. Pingback: Reflections on today’s WATO « Lightwater

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.