Rejoinder to Bagus and Howden on Borrowing Short and Lending Long.

In Barnett and Block (J Bus Ethics 88(4):711-716, ), the present authors claim that borrowing short and lending long is fraudulent, and thus ought to be prohibited on legal grounds. Bagus and Howden (J Bus Ethics 90(3):399, ) take issue with our ethical analysis. The present paper is our response to these authors; it is an attempt to defend Barnett and Block (J Bus Ethics 88(4):711-716, ) against the very interesting and important, although we believe, erroneous, criticisms of Bagus and Howden (J Bus Ethics 90(3):399, ). [ABSTRACT FROM AUTHOR]