2008 Financial Crisis
A paper from the New England Complex Systems Institute claims that they have found evidence that suggests the 2008 financial crisis was triggered by a "Bear Raid" market manipulation by short sellers against Citigroup late in 2007. The uptick rule was repealed in in July, 2007, and the alleged bear raid took place in November, 2007.
Read more about this topic: Uptick Rule
Famous quotes containing the words financial and/or crisis:
“... aside from the financial aspect, [there] is more: the life of my work. I feel that is all I came into the world for, and have failed dismally if it is not a success.”
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“In crisis is cleverness born.”
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