[Toddsterpatriot]

I can't believe it is because institutional buyers will take down an entire tranch.

I didn't even think of that.

If you control the entire issue of something and there is a short in it, in the street, you've got yourself an opportunity to squeeze somebody's b2lls off.

I don't think that would be an issue in a case like this. Especially if Goldman created the security. They have all the details, they're collecting all the checks. All they have to do is pay the same interest and principal on their short as on the rest of the issue. They never have to cover. It's not like the price will double, it's not like they're short a stock that could be bought out much higher.

[groanup]

So they fail to deliver forever? Man, this new Wall Street is an enigma to me.

He who sells what isn't hisn' buys it back or goes to prison.