EFTA02588677

From: Vincenzo lozzo Sent: Sunday, August 10, 2014 2:01 AM To: jeffrey E. Subject: A note on shorting Sorry for the email flood.. While studying I realized I forgot a big counterargument to your derivative o= the cyber stuff: even if you want to short the bond trough a derivative, w=o's going to take the other side of the bet? Everyone is/should be aware of=the moral hazard there I think Not saying that invalidates your thesis on the fact that this can't work bec=use it's hard for investors to understand - just saying that I don't think s=orting it is a risk Anyway, I'll go back to my studies :) Sent from my (phone <?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/Propertylist-1.0.dtd"> <plist version=.0"> <dict> <key>conversation-id</key> <integer>298920</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1407636076</integer> <key>flags</key> <integer>8623750149</integer> <key>gmail-label-ids</key> <array> <integer>6</integer> <integer>2</integer> </array> <key>remote-id</key> <string>430877</string> </dict> </plist> 1 EFTA_R1_01769713 EFTA02588677