Como se combate o populismo? "Com eleições", responde Fukuyama

[Ulisses Pereira]

Muito interessante este pequeno post a dar conta do verdicto de um tribunal a dar rãzão a um "shortseller" e da importância destes últimos para a regulação dos mercados.

James Altucher
Shortselling and lawsuits
6/15/05 9:32 AM ET


"The WSJ reports this morning that a judge is allowing shortseller David Rocker to sue L&H execs and SG Cowen for making misleading statements that sent L&H shares upwards, forcing shortsellers like Rocker to cover. The big question is, can a shortseller sue even though they didn't own the stock? Many think no and, in fact, an earlier, similar, case was thrown out.

My feeling is that whoever lost money based on illegal actions of a company has the right to sue. While I don't always think shortselling is the best strategy, I do agree with Greenspan's February, 2005 comments that hedge funds are playing a more important role in self-regulating the markets.

Shortsellers are often the first , before journalists, before regulators, before Spitzer, to identify shady behavior in a company and they are often the first that are screwed by a company's subsequent response to those accusations. Demonstrating that legal consquences can result will hopefully slow down this activity. "

(in www.realmoney.com)