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Under current rules, I'm pretty sure it is legal to try and destroy a company by destroying its reputation and maligning its financials and profit by shorting i
by ericb 8y ago
Under current rules, I'm pretty sure it is legal to try and destroy a company by destroying its reputation and maligning its financials and profit by shorting it while you kill it.
That this is allowed seems anti-competitive and takes away from the notion that shorts "make a market healthier by bringing balance."
- AllegedAlec 8y ago> Under current rules, I'm pretty sure it is legal to try and destroy a company by destroying its reputation and maligning its financials and profit by shorting it while you kill it. Yeah, it's legal, but that doesn't mean it's not malevolent.
- ericb 8y agoI think we're in agreement about everything including its malevolence. Destroying otherwise healthy companies does nothing beneficial for the country's competitiveness, so if it could be done carefully, I'd support laws reigning this behavior in.