Dimon goes off on short-sellers

One could argue that Jamie Dimon and JPMorgan Chase benefited from the implosion of Bear Stearns. They got the bank on the cheap, giving some good talent and entry into some new businesses. Nevertheless, as noted by the New York Post, Dimon waged a mini-campaign against short sellers last week, telling Charlie Rose, "I think the Securities and Exchange Commission should investigate it, OK. I think if someone knowingly starts a rumor or passes on a rumor, they should go to jail...This is even worse than insider trading. This is deliberate and malicious destruction of value and people's lives." Dimon is certainly connected these days. He may be onto something. People assume that the federal probe of rumor-mongering is still active.

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