Short selling in Italy, if CONSOB plays against us

Many may have noticed that, in the midst of economic crisis, the agency that should regulate the stock exchange has decided to make a decision of not secondary impact: remove the ban on short selling on bank stocks and insurance stocks. Basically, the short sale consists in borrowing securities to sell theim. Later, you agree to return them to those who lent, so you must buy them back. In essence, you gain by focusing on the descent of the stock price because if the price will fall you will earn the difference between the price you received for the initial sale and the price you pay to dispose of securities to be returned. Obviously, however, the mere fact that you can sell something you do not own directly makes the audience of those who can sell vastly larger. As in all markets, the law of supply and demand means that while more people want to sell an asset rather than buy, the price drops. Thus was born the speculation. So selling a stock becomes no more a demonstration of no trust on the company but just speculation, and it can cause the failure of a company that, paradoxically, may also be healthy. This takes the stock price down with all that it entails: layoffs, capital increases,..., in short, all those decisions that are made in difficult moments of life of a 'company and have a strong impact in the social sphere. 

 CONSOB had made the decision to ban short selling on bank stocks and insurance because they were the main targets of speculation during the crisis. Not only, you may like it or not, but banks are also the basis of our economic system: now grant credit to households and businesses very difficult and the fact that their price is subject to enormous volatility does not help to bring the situation to normality. The ban on short selling, therefore, was a measure right and acceptable, which aimed to bring the economy back to normal. In all this, when the spread decreased, Consob immediately removed the ban. The banks, which had shown a positive trend in stock market,are now hostages of comeback of speculation, the spread has gone up, normality is increasingly remote. It 's really hard to accept the ineptitude of those who govern an institution so important to the lives of all.  The suspicion is that everything is done on purpose, that our skin is the last thing these people think, that while families are struggling to get through the month with prayers and curses  there are those who continue to think just as deserving a place in hell ...