Markets

Sep 25, JIM CHANOS: Short sellers 'not villains, but heroes'

Short sellers are 'not villains, but heroes' in the current global financial crisis, claims Jim Chanos, president of large short-selling hedge fund Kynikos based in New York. He tells Gillian Tett, FT capital markets editor, that last year politicians should have heeded the warnings of short sellers about banks' viability, and argues some no longer with us could have been saved.