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> The very briefest answer is that G.S. created a "long only" investment vehicle based on food staples with no mechanism for shorting it. In other words, GS di
by anamax 15y ago
> The very briefest answer is that G.S. created a "long only" investment vehicle based on food staples with no mechanism for shorting it.
In other words, GS didn't create a mechanism for speculation....
Note that the financial industry is often trashed for shorts, as in "those folks are betting on/profiting from failure".
So, now we find that they're also wrong for not creating an opportunity for shorting.