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But Mr. Pitt said short-sellers would be allowed to borrow and sell stock as they normally do.
Two things give them extra flexibility: they are allowed to borrow, and they can sell shares "short", ie, sell stock they do not own in the hope of buying it back at a lower price.
Under the plans, which take effect in 2013, banks must meet new restrictions on the amount of money they are allowed to borrow and put aside extra capital reserves mostly from asset sales to offset potential future losses.
When I got to the studio I found a Mini Moog lurking in the corner which I was allowed to borrow and so hastily adapted my punk songs to pul-elctro songs.
The ceiling is the legal limit on the amount of money that the government is allowed to borrow, and raising it is necessary not just to keep the government running in the future but to allow it to pay for obligations it's already incurred.
If the government truly commits to the green economy - in word and deed - then the Green investment bank will be allowed to borrow and drive investment, the Green deal will be allowed to meet the vast need for better energy efficiency and electricity market reform will do more than support nuclear power.
Similar(53)
This crisis is a timely reminder of something that is self-evidently the case: No single currency can expect to survive for long among countries that do not establish a joint capacity for budgetary action (e.g., tax revenues, allowing to borrow and finance necessary investments in order to compensate for differences in competitiveness among countries).
None of your companies, which we'll just call banks, will ever again be in a position to fail because none of your banks will ever again be allowed to borrow short and lend long and leave the public to pick up the pieces.
Romney and his ilk were allowed to borrow more and more money from third parties, use them to buy up companies, and skim the cream for themselves.
Greece within the eurozone was allowed to borrow riskily and was lent to riskily.
Its managers are not allowed to borrow heavily, and they have to employ almost everybody in the community, including several octogenarians.
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