Spinnaker:
AIG may have been instrumental with HBOS and many others fate but the fact remains short selling instills a lack of confidence in a company which can only be damaging, whether it comes from false rumours or a linked company such as AIG the result will not and can not be good.
Ok so the FSA called off their inquiry in August after it believed that in march illegal short selling was taking place. It had no proof of the rumours, but now the company is in free fall on it's own and is only being helped by traders short selling...The fact remains in order to short sell you borrow!!! borrow something you don't own and thus you are gambling something you don't own either...When it all goes wrong, who ends up paying for it?
Give hel_port his due , he's doing it for himself and making money out of it.. But if it all goes wrong for him, who's going to bail him out?! Maybe he has the capital to cover it?! I don't know.. but it's all a gamble and as we have seen making the markets very unstable...
As with all of life, one mans loss is another mans gain and this is no differnet..By the sounds of it Heli_port is gaining and good luck to him...