I shorted some XLF, an exchange-traded f…

I shorted some XLF, an exchange-traded fund (ETF) that represents a bunch of financial, mortgage servicers that gets me short the TBTF, bankster stocks that are somehow still receiving “emergency” welfare and interest rate loans from the taxpayer and are now going to start literally transferring some of that taxpayer largesse that they are receiving to the people who supposedly “risked” their capital as shareholders.  They don’t see the pendulum swinging back against the endless subsidization of a broken financial system, but it is swinging on main street now, and within a couple years, I expect the tide will have gone out on these giant banks that can’t endure without access to taxpayer money.  Regardless of your politics, this looks to me to be a good bet and an excellent short hedge against our many long bets.