| I swear we heard Andrea Mitchel (sp?) start to break a story last night about an investigation into someone with a massive position shorting reinsurers (is that how you would say it?) One sentence into it (on MSNBC I believe) she was cut off without a word of explanation and they just went to some other story. I can't find anything about this on the web. Very strange. I guess it would be too scary for us to know if they are that sophisticated. (Selling short is basically making a bet that a stock will go down. It involves agreeing to deliver stock that you don't yet own at some point in the future at today's prices. If the price falls between the sale and delivery dates then you buy the stock at the new lower price and deliver it at the previous agreed upon higher price. Reinsurers are the companies that insure insurance companies and are sure to be hit by a massive disaster like this. At least I think I have this right.)
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