Thursday, 9 April 2009

Short Selling

Good Point.

"Short sellers (SS) didn’t get people to buy homes with no money down, SS didn’t convince people to buy homes with teaser rates, SS didn’t convince people to lie about their income on their mortgage applications...."

In other words Short Selling only works if the Short seller is right and the opposite side of the bet is wrong. They keep the market honest, and you cannot have a free market without them.

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