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I am not white washing hedge fund managers, but any hedge fund manager that would put in writing in an auditable system that he is considering manufacturing a s
by cm2187 6y ago
I am not white washing hedge fund managers, but any hedge fund manager that would put in writing in an auditable system that he is considering manufacturing a short squeeze to hurt specific investors and went ahead and did it would have a tough time in court. No one with half a brain would do that (not that in recent history there hasn't been a handful of sub-half-brain bankers who documented their misdeeds in writing).
- fma 6y agoYeah, but if you're Bill Ackman you can do it on front of millions of people on CNBC. "During the epic verbal battle between Icahn and Ackman that was televised on CNBC in January, Icahn predicted that Ackman’s Herbalife investment could produce the “mother of all short squeezes.” Shortly after that incident, it became clear that Icahn had taken a big position in Herbalife’s stock. He has since expanded that position, bought 16.5% of the outstanding shares and gotten two representatives on Herbalife’s board." https://www.forbes.com/sites/nathanvardi/2013/07/22/carl-icahn-is-squeezing-bill-ackman-to-death-with-herbalife-trade/ https://www.forbes.com/sites/nathanvardi/2013/07/22/carl-ica...