"Going long in financials and shorting resources – then flip it back the other way the very next week. All of this hyperactivity is the product of stock lending pools created by investment banks. These share pools are supplied (via covert stock lending) by major investment funds who have no regard for the individual companies that they hold for their investors. Massive leverage is created from these pools, allowing hyper stock trading activity to flourish, feeding profits into the publicly listed Australian Stock Exchange. This senseless financial activity also feeds commission agents that are overseen by ambivalent regulators and politicians."
