fxtrader07

David Einhorn: The Irony of It All

@raj24: you are a bit naive, to put it mildly. there are -legitimate- short positions utilizing borrowed shares. And there are illegal naked short positions where millions of shares are sold but never borrowed or delivered. talk about selling stuff and never delivering it! Impossible anywhere - except at the world#s premier stock exchanges and capital markets. And possible only because the big IBs run the Clearing coproration and conbtrol the SEC which truned a blind eye towards it. recently, they admitted the problem, though. But said it cannot be fixed because essentially, it is 'too large'! Think about that! The SEC refuses to fix the naked shorting crime because it fears explosions in stock prices for those companies that have been the major victims! Rather let companies die than naked short sellers (hedgefunds, IBs etc) welcome to the rigged reality of u.s. stock markets.
read the deepcapture.com blog for a contrarian viewpoint.

and, btw: to disclose short positions similar to the disclosure requirements for long positions is so legitimate and obvious, it should make you think why this hasn't been implemented?

David Einhorn: The Irony of It All

I don't see any irony here - and honestly, I don't see what the authoractually wants to tell the reader other than praising his buddy David Einhorn.

Book Review: David Einhorn's 'Fooling Some of the People All of the Time'

Einhorn is not criticised for being a short ora hedgefund´guy. both is legitimate.
He is criticised for spreading false allegations, bashing companies, teaming up with other hedgefund managers in short attacks on genuine companies and influencing the media to foster his positions. very similar to the job ackman did with MBI/ABK - even down to the "charity" boolahoo.
The author of the article is naive at best.
The book's title says it all: "fooling some of the people all of the time" - people like the author obviously like getting fooled by the Einhorns, Ackmans and Rockers of the world all of the time.