Goldman takes it in the "shorts"

[AztecWilliam]

Right now a lot of folks (especially the Democrats who want to blame everything on Wall Street) are piling on Goldman-Sachs. Part of that seems to be a criticism of short selling. But is short selling always bad? The Washington Post, no mouthpiece for Wall Street, asks this very question.

www.washingtonpost.com/wp-dyn/content/article/2010/04/27/AR2010042705054.html

AzWm

[aztecwin]

There is a reason each side of a trade is made. What has happened here is a "security" designed by Goldman sold that security to customers and then shorted the position know that the product they designed was going to fail. They will say that there are partitions, but this is just plain ugly. The funny thing is that our Dem friends like Dodd and Levin do not seem to understand the complexity of the issue.