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 – is in dire straits. And in confirmation that the fecal matter is about to strike a rotating object, Italian regulators just ‘temporarily’ banned short-selling of BMPS stock.

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