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These days, one mark of success as an academic in finance is whether your work will form the basis of an enforcement action. We've seen several studies lead to big investigations. The most recent... Read more...
Short sellers, who seemed so out-of-favor just a few years ago, have had a great run recently. There have certainly been plenty of targets. The Financial Times raises a timely issue: how do you deal... Read more...
As soon as Jaime Dimon went off on short sellers (see next item), the SEC took the unusual step of issuing a warning that it is taking hard look at rumor mongering to manipulate securities prices.... Read more...
Dedicated short sellers, those who do nothing else, are something of a dying breed on Wall Street. There just aren't that many left. But there is more short selling going on than ever before,... Read more...
Speculation was heavy that Lehman might make some sort of early earnings announcement. As it turns out, the embattled firm some guidance on Monday, confirming the many predictions it would lose money... Read more...
When Douglas Kass, in an interview with Barron's, calls short sellers "an endangered species, like the dodo bird," you have to draw a distinction. He's talking about short sellers who do nothing... Read more...
The Lehman Brothers bears took a bath when the market rallied on the news that the company had raised $4 billion to shore up its capital... Read more...