Word: wrongfulness
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Short sellers borrow stock and sell it, essentially betting that the price of their target company will fall before they have to replace the borrowed shares. They have been disparaged as vultures, rumor mongers, cheats and criminals. But they have not, by and large, been wrong in their choice of targets. Bear and Lehman died because they were undercapitalized. Merrill's own mismanagement helped to chase it into the arms of B of A. Yet in the case of AIG, the argument is that the company would have remained afloat had its stock price not been driven down, which triggered...
...strangers to going short in their proprietary trading strategies. All the short sellers are going to do is make the market react faster, he says. "The question is, Can the short seller take a firm down? The answer is no. Not by themselves. If there is nothing fundamentally wrong, all you need is a couple of smart people on the other side to show that they're wrong," says Asquith...
...Written with a soaring yet impeccably balanced lyricism, Roy's prose does not hit a single wrong note. Here, for example, is the stasis at the very heart of the tumult that is love: "The rushes had stopped nodding, the breeze had stopped blowing through our hair, the stream had stopped flowing, the curdled clouds had stopped drifting overhead, the bird had stopped its call, the two children on the opposite bank had frozen in mid-gesture...
...Kodama ’09, who is taking off the semester, was spending time in her hometown of Houston when Ike struck. She said that even in her relatively undamaged neighborhood in west Houston, dozens of trees are strewn across the street, and many streetlights are bent in the wrong direction. “Almost all of Houston is congregating in the two big malls because they’re the only ones with power,” she said. Kodama said that a general feeling of frustration has taken over the city, manifesting itself in the frequent angry phone...
...this radical measure—only that even “ridiculous” ideas deserve a closer look. Nathaniel S. Rakich ’10, a Crimson editorial editor, is a Government concentrator in Cabot House. He encourages you to comp The Crimson editorial board and prove him wrong...