3 ms·
>Again, if it was so simple to destroy a company through shorting, why isn't it happening everywhere, all the time? I don't think it's simple - on the contrary
by ameister14 8y ago
>Again, if it was so simple to destroy a company through shorting, why isn't it happening everywhere, all the time?
I don't think it's simple - on the contrary if the writer is correct, it seems to require a great degree of organized and concerted effort. It's probably not something that would normally be worth it, but it used to happen in the Chicago futures markets and early NYSE all the time. It's pretty well known now that the rating agencies are not disinterested third parties, and none of this is all that outlandish, really.
>Furthermore, who is "they"?:
the author alleges a group of hedge fund managers led by Jim Chanos, presumably including Stamford Capital's Steve Cohen.