Mr Cooper Group Inc (COOP)

[lluther]

actually if i may, vodka, make a distinction: naked shorting should be, for the most part, not allowed. however, shorting in itself is very important, in part by providing liquidity to the markets.

im just reading Richard Bookstaber's "A Demon Of Our Own Design", wherein he writes of the old primogeniture land holding elite system of ye old England. before land was allowed to exchange hands freely it was instead passed to the eldest son down the line (1066).

so the land was never liquid, which at the time comprised much of the nation's wealth, social stature and political power; tied to serf's rents, harvest, goods, etc - more than 80 percent of production at the time was agriculture (16th century).

when primogeniture was in part altered, during Tudor and early Stuart reigns, the land was allowed to go to new buyers, not tied to blood lines. this in turn allowed the proceeds to be distributed and allocated in part to new smithy's, bakery's etc.

this in turn led to greater poverty as it upset the medieval villager's stability and certainty of position within the system. but that is not black and white obviously.

regardless . . . shorting, by providing liquidity, ie. taking the other side of the trade, is somewhat essential here today. in fact, learn to make it your friend, if most vanilla investors are only longs - what does that leave one to surmise about the professional's moves. just like GS taking the other side of THEIR CUSTOMER'S TRADES!

goooo wamu ohm