Short Sellers Vilified But Vindicated

They may be vultures, but it's not their fault banks are in trouble

By Jason Farago, Newser Staff

Posted Sep 19, 2008 3:36 PM CDT

(Newser) – In a memo to Morgan Stanley employees, CEO John Mack fumed that the investment bank was being attacked "by fear and rumors, and short sellers are driving our stock down." Today, following similar action in the UK, the SEC banned short selling of... Read full story »

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Short Sellers Vilified But Vindicated

They may be vultures, but it's not their fault banks are in trouble

Morgan Stanley • John Mack • SEC • Lehman Brothers • AIG • short selling • Financial Services Authority

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