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I won't down-vote you, even though I'm that hedge fund accountant you're talking about. :) Even without knowing all the minute intricacies of how the share lending occurs, my accounting results can still pass audits with flying colors, year after year.

Just in case anyone thinks I'm proud of my "ignorance," I'm not. I'm discussing things here in order to gain a better understanding, even though that understanding is not crucial to my performance as an accountant.

And yes, I am concerned about the current sorry state of so-called "markets."

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