Go to INFLAMMATORY RHETORIC
- Add a comment
- Go to Why Should We Bail Out the Marlket? We Should NOT
Re: Selling Short
Mousehop, what do you call it when banks nake bad loans and sell the paper to bigger banks? And why was this such a dominant practice?
posted by
kingmi
on September 23, 2008 at 1:49 PM
| link to this | reply
Selling Short
Selling Short is a way to make money in a down market. You "borrow" assets, like stocks, sell them at their current value, wait for the price to drop, then buy them back, return them to the owner, and keep the profits. Short sellers don't make the market drop, just take advantage. But you have to make good predictions about what will drop. You try to sell short, and the price goes up, there's no limit to your losses. Unlike with buying stocks, you can lose much more than you invested. But blaming short sellers make no more sense than blaming bargain hunters. It's a scapegoat, and easy target because short sellers are betting on a price drop, which clearly makes them un-American.
posted by
mousehop
on September 23, 2008 at 7:36 AM
| link to this | reply
Re: Vote
Hear, Hear! Ron Paul was my choice, too.
posted by
mousehop
on September 23, 2008 at 7:31 AM
| link to this | reply
kingmi
It’s all rather like smoke and mirrors – or like using a band aide for severed limb. Here we are - the little people - with our “nest eggs” resting on a pile of feathers while the fat cats who sold a bunch of paper slip back into the hole from which the came.
posted by
Troosha
on September 23, 2008 at 7:17 AM
| link to this | reply
Vote
So the question is who do you vote for? Dem and Repub are both so incapable of fixing this issue. I only wish people would have taken Ron Paul more seriously.
posted by
freelance_ghost
on September 22, 2008 at 7:55 PM
| link to this | reply
Vote
So the
posted by
freelance_ghost
on September 22, 2008 at 7:55 PM
| link to this | reply
Vote
So
posted by
freelance_ghost
on September 22, 2008 at 7:55 PM
| link to this | reply