Talk:Howie Hubler
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incomprehensible[edit]
"Hubler and the GPCG were now in the position of owning $2 billion in credit default swaps on extremely risky while having sold $16 billion in what they believed were safe CDOs. The opaque nature of the CDOs that they were selling credit default swaps on prevented Hubler and his group from realizing that the CDOs they were insuring contained similarly risky subprime mortgages to the bonds they were betting against" Break this down into short sentences. Fix the wording to make it comprehensible. The boldfaced part doesn't make any sense at all. "on extremely risky" what?? 100.15.120.162 (talk) 13:02, 8 December 2015 (UTC)
- Mortgages. Good catch. --Joshua Issac (talk) 20:04, 22 December 2015 (UTC)
calling trading "betting"[edit]
what kind of financial illiterate wrote this article? since when is trading the same as betting? financial markets are not a casino. anyone who thinks they are clearly has no clue about finance. i changed all the "bets against/betting against" parts of the text to variations of "short" as in short trading. — Preceding unsigned comment added by 176.10.248.195 (talk) 19:28, 8 August 2016 (UTC)
- Much of what traders do is, in fact, betting on the performance of an asset, and the term "betting" is commonly used in discussions of such strategies in order to simplify complex financial terminology. "Shorting," on the other hand, is a specific type of betting against an asset where the asset is borrowed in anticipation of a drop in value, whereupon it is sold and the loan paid back for less than the amount received when initially borrowed, thus realizing a profit for the difference. Another way to bet against an asset is to trade derivatives, something not synonymous with shorting. I'm not familiar enough with the topic of the article to state definitively which was the case here, although it sounds more likely that this was a bet made via derivatives, which would make the use of "shorting" inaccurate. Hopefully someone with more expertise in the subject matter can review and clarify. 2601:441:8700:3141:DDE4:173E:CC41:A183 (talk) 06:28, 2 January 2019 (UTC)