Robert Wenzel reports:
As far as Germany putting a ban on all naked short-selling, it will suffocate many legitimate market makers and make the markets less liquid and efficient, and make them much more volatile. It will do nothing to make it easier for Greece or the other PIIGS to pay their bills. Naked short selling has nothing to do with the PIIGS crisis. The PIIGS are in crisis because of their own doing.
The real issue is they (PIIGS and banksters) are bankrupt due to spending more money than they have and making poor investment decisions. They are at fault, not investors profiting from their irresponsible behavior.