Chanos Responds To Anti-Shorting Proposals

coexist

"Rebuilding investor confidence should be the primary objective of anynew regulatory effort and it is not clear that today's proposals willmeet that simple goal. Skeptics, independent research and criticalanalysis must continue to play a vibrant role for our markets to growsustainably and with integrity. Short selling is integral to improvingthe efficiency of markets and enhancing market quality through narrowerspreads, deeper liquidity, less volatility, and greater pricediscovery. In recent years, short-sellers have publicly warned themarketplace about the dangers at AIG, Lehman Brothers, and Enron, aswell as sounding the alarm over the credit ratings agencies, non-banksubprime lenders, and credit insurers. Proposals to inhibitshort-selling have the effect of limiting this vital market-basedantidote to corporate fraud and speculative bubbles, and must becarefully weighed against the clear harm that comes from ill-conceivedgovernment intervention in basic market functions."

maplayer

qiangge

dividend_growth

操，大家想想那批HF到底是人民的朋友还是敌人呢？

新低手

操，大家想想那批HF到底是人民的朋友还是敌人呢？
dividend_growth 发表于 2009-4-8 18:47

大家都看牛时，他就砸 ；大家看熊时，他就求救于政府放焰火 。。。实际上是他们砸下去的

KSKS

thanks for sharing

小亥

都是wishful thinking. 看看天朝就知道了。没short,一样往下掉。