Hemang Desai

Wall Street’s short sellers wrongly maligned — detected red flags ahead of US financial crisis

Numerous U.S. banks failed during the recent financial crisis — and more would have, absent governmental intervention, says short-selling expert Hemang Desai, an SMU professor.

New research from Desai suggests short sellers were sensitive to the leading indicators of the crisis, and were the first to react, ahead of equity analysts, ratings agencies and auditors.
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