Clueless Fund Manager of the Day: Blaming Short Sellers

Wow, this guy Christopher Ailman is utterly clueless.  I don’t usually say things like this, but "Way to keep your eye on ball, genius!"

I don’t have much of a problem with the uptick rule — its pointless, and is easily worked around by hedge funds — but i can take it or leave. And, I agree that rules against naked short-selling — already illegal — should be enforced.

But if you think the current economic, credit and financial problems are caused by shorting, you are simply a smoking too much dope. (Don’t do drugs, or you will end up a brain-dead piece of lawn furniture).

Idiots . . .

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Curbing Short Sellers
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Pederasts_against_short_selling

One of the nation’s top pension funds taking aim at short sellers,  with Christopher Ailman, CalSTRS CIO and CNBC’s Maria Bartiromo.

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To review, it wasn’t the excess leverage, or the under-capitalization, or the lack of risk controls, or the bad investments in all of the real estate related paper, or the insolvency — it had nothing to do with the nonfeasance on the part of the Fed, and the SEC going AWOL — no, it was the short selling.

Financial punditry has reached new lows — and with Luskin and Ben Stein running around, that ain’t easy.

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Related:
This blame game is short on logic
Douglas Kass
FT,  August 21 2008 20:02
http://www.ft.com/cms/s/95ccac78-6fb1-11dd-986f-0000779fd18c.html

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