Jim Chanos of Kynikos Associates is one smooth short-selling operator, and as the Site that Supports our Shorts, we say this approvingly.
In an interview with Gillian Tett, he argues that politicians - and not short-sellers - ought to take the blame for the ongoing financial drama.
Highlights from the video interview:
“It’s capitalism on the upside but socialism on the downside. What we’re seeing here are price keeping operations, and that should be troubling to anyone, not just short sellers.”
“America at least had the bastion of being a free market paragon, and we are rapidly, rapidly losing that”
“The statements that senior people were making [at certain failed firms] were materially misleading, if not criminal”
“If I was a betting man, I would say that if we’re going to find criminality…it’s going to be in the quite public statements of the people who were in these firms”
Daggers drawn, then.
