Thread: Bangladesh Stock Market Plunges Again, Local Investors Riot

As Bangladesh Stock Market Plunges Again, Local Investors Riot For Second Time In A Month

by Tyler Durden
01/10/2011 14:06 -0500

Video: Stock market plunge sparks violent protests in Bangladesh

http://www.youtube.com/watch?v=WohJ_YV4 ... r_embedded

January 10, 2011

Bangladesh suspended trading at its main stock exchange in the capital Dhaka on Monday, and security officials used batons to disperse thousands of angry investors upset over a market plunge. After the protesters began gathering on Monday morning, authorities used batons to try to break up the crowds, according to police officials. But protesters continued to demonstrate at several busy intersections in Dhaka's Motijheel commercial district, where the stock exchange is located, smashing vehicles, burning tyres and chanting anti-government slogans.

As Bangladesh Stock Market Plunges Again, Local Investors Riot For Second Time In A Month

by Tyler Durden
01/10/2011 14:06 -0500

If there is anyone watching this video of what happens to a banana republic when its ponzi stock market plunges, it is Ben Bernanke. The Princeton-educated depression era expert is certainly learning from the mistakes of the Bangladesh stock exchange (flash crashing 9.25% at last check before being halted), which despite US investment bank pitches to the contrary, never instituted its own plunge (and subsequent riot) protection team. And this is despite an identical situtation happening just three weeks earlier. Take home message: every ponzi scheme-based banana republic needs its own President's Working Group on Flash Crash prevention.

http://www.zerohedge.com/article/bangla ... time-month