The investment we’re all looking for is actually saving labor… Look at what the internet is doing to retail. James Chanos Read Quote
In China, remember, the the banks are arms of state policy. They loan because the local party official or regional party official tells them we need a new stadium. They are instruments of state policy. James Chanos Read Quote
While short sellers probably will never be popular on Wall Street, they often are the ones wearing the white hats when it comes to looking for and identifying the bad guys! James Chanos Read Quote
What American people and what the markets want is a fair and level playing-field, where the rules are clearly elucidated, where the referees are competent, and where we know that the game is not rigged. James Chanos Read Quote
Increasingly, the real estate developers can’t get bank loans for their project financing in China. They’re now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. James Chanos Read Quote
The U.S. healthcare system is probably the most interesting large group of companies that are heading for major problems that we’ve seen in a long, long time. James Chanos Read Quote
Our concerns about what we saw in Australia: an economy clearly tied to China has hitched its wagon to the tail of the tiger. In terms of the general complacency, what we heard over and over from investors and clients and potential clients is, ‘yes, yes, there are some excesses, but the government will figure out a way.’ James Chanos Read Quote
I’ll always understand the Schadenfreude aspect to short-selling. I get that no one will always like it. I’m also convinced to the deepest part of my bones that short-selling plays the role of real-time financial watchdog. It’s one of the few checks and balances in the market. James Chanos Read Quote
The marginal people on the trading desks, there’s no skill set. If they don’t trade derivatives, I don’t know what they can do. The next stop is driving a cab. James Chanos Read Quote
It’s almost sickening now that the regulators ‘on the beat’ while the biggest credit collapse in modern financial history unfolded are now patting themselves on the back for their ‘brave’ stance on short-selling! James Chanos Read Quote
