Facebook shares have been in the "hard to borrow" category since Friday, said Mr. Sloan.
Well, it may be hard to borrow your way out of debt, but sometimes it buys time, andtime is money.
Without backup it could find it hard to borrow in the market.
These trends, of banks in the vulnerable economies finding it increasingly hard to hang on to deposits and increasingly hard to borrow, have been conspicuous for months.
Some stocks are extremely hard to borrow or locate, however, tempting a trader to sell them short without locating them, creating what's called a naked short position.
Eurozone banks may then find it even hard to borrow, and therefore to lend, potentially sparking a second credit crunch, where bank lending effectively dries up, hurting the economy further.
Many buyers are looking for an apartment that is already redone, since it is hard to borrow the cash needed to buy a place that also needs a new kitchen or bathroom.
Except of course this a completely notional profit that can't normally be converted into a real profit - because in stressed market conditions, banks find it hard to borrow a bean on markets (a big hello to banks in Greece, Italy and France) and aren't exactly flush with cash with which to redeem their debts.
As I have pointed out here before, if the Debt Management Office hadn't done quite such a brilliant job in borrowing for long maturities - such that the average maturity of UK debt is just under 14 years - the UK might well be like Italy in finding it very hard to borrow at any price right now.
These, it argued, had made it hard for Essar to borrow abroad to repay the notes, leaving it no option but to approach its Indian creditors.
Charles Schwab (nasdaq: SCHW - news - people ) has a program allowing retail customers with hard-to-borrow stocks to get some of the fee revenue.
To remind you, it is very hard to find any point in the history of British government borrowing when it has been cheaper for the government to borrow, even though it is also hard to find periods when the public finances have been in worse shape.
We are experiencing something very similar to what happened in 2007-8, when it became increasingly hard for banks in the developed west to borrow and to lend, and that credit crunch transmuted into banking crisis, which transmuted into the worst recession since the 1930s.
Since the concept of achieving is elusive and hard to define, I thought I would borrow a time-tested technique from the comedian and entertainer Jeff Foxworthy.
It is hard to see how it can keep returning to the market to borrow at such high rates as a key part of its funding strategy.
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