Huge crab is trying to become the new internet viral thing, I think. And I am helping them. Doh.
Goldman Sachs did what I wished I had known how to do - they set up short positions in CDOs, specifically MBSs (collateralized debt obligations and mortgage backed securities). And they made a fortune. If I had known that was possible I could also have made a fortune. Actually I knew it was possible I just didn't know how to do it. I still don't know if small investors can short CDOs or if you need billions of dollars to get someone to let you do that.
More weirdness from Japan.
Advice on selling stuff online from Seth Godin.
More on the internet and sex.
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