Italy Bans Short-Selling Of Imploding Monte Paschi | Zero Hedge

KW: Well that escalated quickly! Things appear to be heating up dramatically especially in Europe……. Surprise, surprise, lets just ban short selling on this banks stock and problem solved! But remember ‘it’s different this time’ Having collapsed 99.7% from its July 2007 highs at EUR93, Banca Monte dei Paschi Siena – Italy’s 3rd largest bank –…

Bear Stearns 2.0? UK’s Largest Property Fund Halts Redemptions, Fears “Vicious Circle” | Zero Hedge

KW: FYI In the summer of 2007, two inconsequential Bear Stearns property-related funds were gated and then liquidated, exposing the reality of the US housing bubble and catalyzing the collapse of the financial system. Fast forward eight years later when the UK’s Standard Life has been forced to stop retail investors selling out of one…

Italy Granted “Extraordinary ” €150BN Bank Bailout Program To Prevent “Panic, Run On Deposits” | Zero Hedge

KW: ….and everything was supposed to be rosy with the EU banks. Perhaps not The European Commission has authorized Italy to use government guarantees to create a precautionary liquidity support program for their banks, a spokeswoman for the European Union’s executive arm said, adding that the program was approved under the bloc’s Source: Italy Granted…