asic does the right decision against hedgefund

1240 [Dow Jones] The body representing Australian hedge funds has condemned ASIC's decision to extend the ban on covered short selling. The move came as some surprise, given the U.S. let its ban expire earlier this month. However, the U.K. is maintaining bans on financial stocks. "The original aim of the ban was to reduce volatility in the markets and this has clearly failed," AIMA chairman Kim Ivey says. "ASIC's concerns about fragile markets pertain more to overseas markets, where governments have had to step in and bail out their financial institutions. Clearly Australian banks are not in need of further government protection."(SVM)

Goverment uses Tax payers money to bail out banks and "Hedgefunds" wanne made the big bucks and short selling !!! No way !!!

Hedgfunds should be erased from the market !!!