We called it

We will be full of ourselves for a minute or so. Midnight today, the ban on Short Selling would expire. Now you might ask what is the reason why we at The Antifits would have a reason to feel even better than we do about ourselves?

We called it. We knew it was temporary.

On 09/19/2008, The Antifits wrote:
"I don't necessarily agree with the backlash against, say, short selling. And I would have markets deregulated than the other way round."

On 09/25/2008, The Antifits wrote:
"And apart from a certain executive pay clause and the temporary ban on short selling, it will be all on his terms."

And at times when it was politically incorrect to do so, around the time when a visceral McCain was suspending campaigns and Barack Obama was on the phone with Hank Paulson.

Moral of the story: Read the Antifits and be ahead of the Times.

No pun intended on the Times thing.

Ban on Short Selling ends - Did it make any difference [NYTimes- 10/07/08]

Wait, someone was making money.

How does a Hedge Fund make a staggering $ 28 Billion in an economy that has Wall Street orgasming at the prospect of a Fed bailout? How do your managed credit funds grow 590% and 350% respectively? How do you take home a $3- 4 Billion paycheck home?

And all of this in 2007, a year that would not go down in books as year for such numbers.
[Photo Illustration: Everett Bogue; Getty Images/ Reuters]


You do. If you are John Paulson. And you have the balls to sell short, while the world plays it long.

Sell short what?

Sub- Prime mortgages. Go figure that. And well, to be a bit of a downer, he reckons "it still ain't too late" to invest in economic troubles.

As the mainstream turns it's back on Alan Greenspan, Paulson calls him over to his advisory board. Another reason why he made money, and the mainstream didn't.

And he went to New York University.

Paulson acquires an Alan Greenspan [Daily Intel- 1/15/08]
Trader made billions on Sub- Prime [WSJ Online- 1/15/08]