"Wall Street starts cannibalizing itself -- delicious!"Submitted by IamVoting4RonPaul on Mon, 09/15/2008 - 01:21
Banks Fear Next Move by Shorts
By Louise Story
The New York Times
Monday, September 15, 2008
In May, David Einhorn, one of the most vocal short sellers on Wall Street, made no secret he was betting against Lehman Brothers. Now some investors are afraid that fund managers like him will take advantage of the climate of fear stirred up by the troubles of Lehman to single out other weak financial firms whose declining share prices would bring them rich rewards.