Warning: Undefined array key "visitor_referer_type" in /var/www/vhosts/wordinf.com/core/app/libraries/Core.php on line 98
James Chanos - And so it can be very much in the...
And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling. (James Chanos)

And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling.

James Chanos

Related topics

bank buy everyone exposure fiduciary interest responsible selling thing time yet

Related quotes

The minute you or anybody else knows what you are you are not it, you are what you or anybody else knows you are and as everything in living is made up of finding out what you are it is extraordinarily difficult really not to know what you are and yet to be that thing. View quote
Gertrude Stein
There are a group of people who would like to silence everybody and have everyone go along to get along. But that's not going to be very helpful for us in the long run in terms of solving our problems, and someone has to be courageous enough to actually stand up to the bullies. View quote
Ben Carson
Dostoyevsky is ahead of his time - a few daring steps. You follow him, dizzying, fearful, incredulous; but you follow. He won't let loose, you have to follow. ... You simply have to call him unique. He comes from nowhere and belongs nowhere. And yet he is always a Russian. View quote
Joseph Goebbels
I'd been to Memphis before, but we stayed out of Memphis early on in the late 70s for obvious reasons. People were very sensitive about Elvis Presley, and my stage name obviously would be provocative to some people in that area at that time. View quote
Elvis Costello
Man is subject to innumerable pains and sorrows by the very condition of humanity, and yet, as if nature had not sown evils enough in life, we are continually adding grief to grief and aggravating the common calamity by our cruel treatment of one another. View quote
Joseph Addison