By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom. (Matt Taibbi)

By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.

Matt Taibbi

Related topics

helping inefficient instrumental policing sort street wall Acts Enron

Related quotes

A religion is a system of symbols which acts to establish powerful, pervasive, and long-lasting moods in men by formulating conceptions of a general order of existence and clothing those conceptions with such an aura of factuality that the moods and motivations seem uniquely realistic.

Clifford Geertz

The Bollywood distribution system is so corrupt that they have trouble making money off movies. So they sell shoes that an actress stepped in. If they turned up the amps some, maybe they could sell the actresses.

Bruce Sterling

I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism.

Smedley Butler

No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.

John Kenneth Galbraith

Strange new problems are being reported in the growing generations of children whose mothers were always there, driving them around, helping them with their homework - an inability to endure pain or discipline or pursue any self-sustained goal of any sort, a devastating boredom with life.

Betty Friedan