Entries tagged "Jim Chanos"
Number 11: Borrowing short and lending long is still a bad idea.
Dane Hamilton over at Reuter.com's DealZone has an interesting post up of a speech Monday by short-seller Jim Chanos, who argues that the government should crack down on rumor-mongering financial journalists. Now I'm the last person to argue that everything that appears in the financial media is a) true or b) honest. Rumors get passed, and the traffic in bogus information and fallacious theories is intense, maybe more than ever before because of the amplifying power of the blogosphere. But Chanos runs just about the biggest short-selling fund around and is no innocent in these matters. And so the suspicion...
