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Muddy Waters’ Carson Block defends short selling as ‘pretty American’

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Carson Block defended the practice of short-selling Wednesday, telling CNBC it provides a crucial role in protecting investors by identifying companies that could be misleading investors.

“I got into this business 11 years ago by helping to eliminate a number of frauds from China that were listed in the U.S.,” the founder of Muddy Waters Research said “Squawk Box.” “We have, globally, eight delistings of companies and two other regulatory actions that have led to sanctions. That to me seems to be pretty American when we’re out there protecting investors.”  

Block has been a closely watched short seller ever since betting against Sino-Forest, which was ultimately delisted from the Toronto…



Source cnbc.com

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