Going Short - The Irony

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Two very ironic events in the small world of shorting in which I work, and which has so recently garnered so much attention:

1) That Bear Stearns was brought down by hedge funds. Bear was of course the 3rd largest prime broker (servicing hedge funds) in the world.

2) Brokers and banks protections from naked short selling from the SEC. For years they have claimed that naked short selling did nothing, now they are the target, they are all clamoring for protection.

Ironic.

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