When is everyone going to wake up and realize there is no group of shorts other than the offshore arbitrage against the preferred? The "shorts" were insiders, most likely and if not insiders, finance people--pretty much the same thing.
We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution