tag:blogger.com,1999:blog-22301740.post3216612196606269364..comments2024-03-26T09:49:07.212-07:00Comments on The Scratching Post: Who Cares?K T Cathttp://www.blogger.com/profile/10259428595745509790noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-22301740.post-14956788437770630762008-10-01T03:14:00.000-07:002008-10-01T03:14:00.000-07:00I like the creativity of the financial industry. L...I like the creativity of the financial industry. Loan money to a bunch of people who can't pay it back, then bundle up all those bad loans and sell them? Brilliant! If only I could think of ways to profit from deadbeats and patsies I wouldn't need to work any more...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22301740.post-18698995556708525302008-09-30T21:37:00.000-07:002008-09-30T21:37:00.000-07:00I understand about the short sellers, but it's thi...I understand about the short sellers, but it's this endless search for new and obscure financial instruments to squeeze a few dollars more out of the system that drives me crazy. At some point, the machinations are not about investing in companies, but are playing with numbers and graphs.K T Cathttps://www.blogger.com/profile/10259428595745509790noreply@blogger.comtag:blogger.com,1999:blog-22301740.post-76157197664960712922008-09-30T21:12:00.000-07:002008-09-30T21:12:00.000-07:00It sounds odd but short sellers help to establish ...It sounds odd but short sellers help to establish better prices on assets. If the only ones who establish prices are those that own a particular asset you are much more likely to get bubbles. If a bunch of folks are allowed to borrow your stupidly priced asset and sell it, then buy it back after it has gone down, that process places what they know into the price; it speeds the market to a better price.<BR/><BR/>All the hype about speculators is overblown, in most instances they simply expose a problem everybody else doesn't want to see.Anonymousnoreply@blogger.com