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October 9, 2008
Chanos: Banks vs. Banks
Provocative comment from Jim Chanos this morning on CNBC:
Given that it was the bank CEOs and broker CEOs who went to Washington calling for the ban, the question I would have loved to seen asked of (Lehman Brothers CEO Richard) Fuld or anyone going forward at the hearings…would have been ‘Mr Fuld...at any point was your proprietary trading desk short the shares, long puts or long CDS contracts on other banks and brokers between February and September of this year?’
More here.
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