Don't Blame the Shorts: Why Short Sellers Are Always Blamed for Market Crashes and How History Is Repeating Itself

Why Main Street blames financialspeculation for economic crashes

Disdain for short selling is as American as apple pie, dating back to our nation's founding. But as Bob Sloanargues in Don't Blame the Shorts, short selling lies at theheart of every Wall Street transaction and fuels thefinancial system.

Sloan explains that without shorting, credit in high-yield, distressed, convertible bonds and equitiesvanishes, thus choking economic activity. This eye-opening look at short selling in Americaprovides new insight into our hostile relationshipwith shorting--a relationship that turns out to beunhealthy and counterproductive.