Financial Briefs

Breaking financial news from Wall Street to Main Street

Authorities may be selling short the short sellers, but it’s working

Posted by financialbriefs on September 21, 2008

Mention “short sellers,” and most investors conjure up an image of nasty and brutish characters, hunched over computer screens and cackling happily as their market machinations ruin companies.

Think Danny DeVito or Michael Douglas as corporate raiders, in the films Other People’s Money and Wall Street. Those dudes were clearly villains, and it’s no wonder American and European market watchdogs cracked down on the likes of them.

http://www.reportonbusiness.com/servlet/story/RTGAM.20080919.wbanksshorts20/BNStory/Business/home

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