Global Custodian, "Book Review" of Don't Blame the Shorts
Why short sellers are always blamed for market crashes and how history is repeating itself by Robert Sloan, McGraw Hill, 2010.
This book is a rare treat. Unlike most books about Wall Street, it is written from a perspective sympathetic to the banking and securities industries. Better still, Bob Sloan is not only a practitioner and market participant himself, but one with a fine sense of history. And what the history of short selling in the United States shows is that no scapegoat is more useful to a politician who has lost control of monetary policy than the people who operate the financial markets.
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