More shorting, please!

Financiers have long extolled the virtues of short selling. Just because they are now receiving a taste of their own medicine is no reason for regulators to ban the practice.

You short sellers are a naughty lot. First you knocked sterling out of the embryonic eurozone in 1992, costing Mohammad Mahathir a bundle. Then you nearly K-Oed the Hong Kong dollar in 1998, forcing Donald Tsang as then-financial secretary to buy up the stock market.

Now you are being blamed for the demise of Northern Rock, Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, Merrill Lynch, HBOS and AIG, and you seem hell-bent on driving Goldman Sachs and Morgan...

To continue reading, please login or register for free

Click for more on: lehman

Print Edition

FinanceAsia Print Edition

CONFERENCES