European Short Selling Ban Redux - Europe Reaches Deal On Naked CDS Ban As Desperation Sets In

As expected, the last European desperation step is here

EU To Prohibit Naked CDS Positions, Unless To Hedge Exposure- Dow Jones
EU - Deal Reached On Limits To Short- Selling, CDS- Dow Jones

You know, because it is all the speculator's fault. Just like the financial short selling ban lead to a brief rally only to be followed by an epic collapse, expect precisely the same thing to occur this time around.
And for those who may have missed it, here is Credit Suisse with its analysis of the

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