A short seller was key to the downfall of Lehman, also.
On Sun, Sep 27, 2009 at 06:38:25PM -0500, raghu wrote: > On Sun, Sep 27, 2009 at 6:33 PM, Michael Perelman > <[email protected]> wrote: > > Also, Chanos uncovered Enron, which helped to burst a bubble. > > > > Hi Michael, > This is true. In the most recent crisis, a hedge fund guy names Ackman > had been shorting the monoline insurers (MBIA, Ambac) well before they > got in trouble. My point is these are not typical. For every prescient > short-seller, there are I'd guess a 100 who pile on after the fact. > -raghu. > > > -- > Puritanism: The haunting fear that someone, somewhere may be happy. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
