Is it morally wrong to borrow money from a bank so that you can short their stock?

[Mark R]

And their stock is tanking big time, and their capital raising looks doomed (market share price is equal to 'discount' price of their new issue.

As I can withdraw or repay my equity immediately, at any time, and at no extra cost, would I be wrong to short them hard? Even if they're making a substantial loss on my loan (as even once it resets, it can't reset to anything like money market rates)?

 

[Viper GTS]

And what happens if your gamble doesn't pay off?

Nothing moral about it, but if you fuck up you'll be the one hurting.

Viper GTS

 

[her209]

Originally posted by: Viper GTS
And what happens if your gamble doesn't pay off?

Nothing moral about it, but if you fuck up you'll be the one hurting.

Viper GTS

File for bankruptcy.

 

[DaveSimmons]

Mark R in July?

Wrong? No. Stupid? Yes.

 

[Mark R]

Well, I just had to check to make sure it was inline with my 'ethical investment' policy.

I wasn't really going to be the farm. However, I've just done a fair bit of emergency overtime, so I had a few notes going spare that were going to go as a mortgage overpayment. WTH, I bought some puts instead.

Now looks like I'll be getting my 24" LCD sooner than I expected.