Saturday, June 6, 2009

The investigation of the short sellers continues...

So Patrick Byrne let's us know that the SEC is looking at Chanos again, the "intellectual" apologist for the bearish shortsellers. (4:00 minutes into clip)

Patrick Byrne gives Jim Chanos the Business, Episode I

Last year, James Chanos Kynikos Associates, had a "good year" but 20% of their assets left his compnay. He joked that was because, "We were like an ATM machine."

Assets with SAC Capital seem to be going out the door also.

And they don't have an ATM machine!

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