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He seems to argue both that the fall of Bear Stearns was inevitable, and that it's impossible that a smart outsider could simply have figured that out and bet a
by tlb 17y ago
He seems to argue both that the fall of Bear Stearns was inevitable, and that it's impossible that a smart outsider could simply have figured that out and bet against them, therefore the naked short must be due to insider trading. You can't have both.
- DTrejo 17y agoFrom what I understood, he said that insiders instigated the fall of Bear Stearns, and smart outsiders joined in to finish them off.