Hacker News new | ask | show | jobs
by ljlolel 5625 days ago
Goldman will soon be offering the public the ability to, basically, buy Facebook stock through an intermediary.

The author would like to make a similar investment, but make it a short, basically sell, bet that the value of the stock will go down, through an intermediary.

1 comments

In Michael Lewis's _The Big Short_, some of the people buying CDSs (unregulated "insurance") on mortgage backed securities that they didn't own did the trades with brokers that had never done it before, but figured it out.

All it takes is a willing accomplice with the right connections.