That happens quite a lot, but Lehman was not really considered that vulnerable at the time.
Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of raghu Sent: Sunday, September 27, 2009 8:20 PM To: Progressive Economics Subject: Re: [Pen-l] again On Sun, Sep 27, 2009 at 6:47 PM, Michael Perelman <[email protected]> wrote: > A short seller was key to the downfall of Lehman, also. > That's my point. Short-sellers are really good at kicking a company *after* it is already down and reeling.. http://www.ft.com/cms/s/0/8fd063e4-3287-11dd-9b87-0000779fd2ac.html?nclick_check=1 ------------------------------------snip The level of short interest in Lehman has been rising since late last year and spiked sharply in the past two months to 13 per cent, indicating that many other short sellers have piled in. The level of shares held short in Lehman is the highest of the Wall Street investment banks. -raghu. -- "I have a heart of a child... in a jar on my desk." - Stephen King _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
