Friday, April 23, 2010
Jim Chanos on Lehman
Jim Chanos is famous for having seen the writing on the wall at Enron and WorldCom when most people were still buying stock in these now infamous fraud cases. He has recently been asked what he thinks about Lehman including whether he thinks Lehman was a criminal fraud, he says "I think it was." He goes on to say that he thinks the CEOs and CFOs of the firms involved in the financial collapse should be hiring criminal defense attorneys and that he's surprised they haven't been prosecuted already. Here is a link to the interview on video. An article talking about the interview can be seen here.