Carson Block talks about China's muddy waters

We talk to Carson Block, the founder of Muddy Waters Research, about why he has been shorting stocks in China.

Carson Block talks about China's muddy waters
An anti-bribery website in China, reflecting a rising wave of public dissatisfaction with rampant corruption (ImagineChina)

Carson Block, the founder of Muddy Waters Research, is moving markets these days. Sino-Forest shares, for example, have plunged 85% since Block levelled fraud allegations against the company on June 2. He has also questioned the financial statements of China MediaExpress Holdings and Rino International Corp, to name a few of the firms he’s honed in on. He has primarily focused on companies that use reverse listings or reverse takeovers RTOs a way of obtaining a...

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