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The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

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Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S | 200 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S
Authored by: Anonymous on Monday, May 28 2012 @ 09:30 AM EDT
Do you really think that people would go in for "impulse buying" by
cold-calls or over the internet?

[ Reply to This | Parent | # ]

Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S
Authored by: jjs on Monday, May 28 2012 @ 01:05 PM EDT
Actually, it's often NOT modest - it's up to 3/4ths of their
yearly earnings. Amazingly, when we incentivize people to
sell high risk products without concern for losses, we get
people selling high risk products without concern for
losses.

Maybe the financial sector should go back to modest salaries
with modest bonuses - of course the industry would lose all
those engineers who were distracted from being productive
and building actual products that do something, but somehow
I think they find work at companies that really do make
products.

---
(Note IANAL, I don't play one on TV, etc, consult a practicing attorney, etc,
etc)

[ Reply to This | Parent | # ]

Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S
Authored by: Anonymous on Monday, May 28 2012 @ 03:54 PM EDT
>The Internet and cold calling are the main ways of selling such things.

That's scary. In the U.S. no honest business ever engages in cold calling.

Perhaps you're not suggesting the U.K. is any different.

[ Reply to This | Parent | # ]

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