On 01/31/2021 10:32 AM, Heywood wrote:
The whole "selling short" seems like a scam to me. Borrowing shares
from the broker to sell and then buy back cheaper? If the hedge funds
got caught in their own game, good for them. Legal thievery?

There is the version of capitalism that you learned about in 9th grade
civics class and then there is the real world. Soros made billions
shorting the British pound and almost brought down the Bank of England
but that was just good clean fun, entirely legal.

Wall Street was amused by a bunch of scruffy hippies camping out during
OWS, but rip up one of their own and do they squeal. No problem, the
government has their backs. That $800,000 Citadel gave Yellen for
muttering a few platitudes over rubber chicken dinners will pay for itself.