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by Maarten88 577 days ago
It's very worrying that consumer protection against poisoning in the US comes from a for-profit company that makes money by short selling companies they found to have issues and then covering their back this way against lawsuits, which any less aggressive reviewer would face.
1 comments

On the other hand it’s great to have them investigating all these companies and their widespread misdeeds
The investigating is great, the problem is who is doing it and for what reason.

If the misdeed is done by a non-public or poor company there is no money to be made so they would never even investigate it. And not accepting a payoff that returns more than the short position would be ignoring fiduciary responsibility, so some investigations could disappear.

Most Newspapers are profit driven. The only difference is how the profit is derived. It seems to me that the choice is to have this information come to light or not have it all.