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Church accused of hypocrisy over short selling attack

After an attack on the City, by two of the leading figures in the Church of England, it has been revealed that the Church of England commission only recently reviewed and approved the action of lending stock to investors - a vital element of the short selling system which has been criticised so heavily of late. It has also been revealed that the Church of England had £13 million invested in Man Group, the largest hedge fund listed on the stock market, as well as recently selling on a £135 million mortgage portfolio.

These facts have given observers and many City 'bank robbers' the ammunition to respond to the comments attributed to the Church of England and open up the debate still further. It does beg the question as to whether those who do not fully understand the workings and practices of the stock market should in fact be given such prominence when commenting upon such areas.

As we have covered on this site before, short selling was not illegal prior to the recent changes, but flooding the market with false rumours is against the laws of the land. Many are starting to ask the question "If the spreading of false rumours is so prominent in the stock market of today, why have we not seen an increase in conviction rates?".

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