He has been calling it for quite a while, was on cnbc a couple weeks ago and reiterated his stance.
Thats what caused a lot of overseas investors to exit hence the big pullback from 99$.
Funny thing is all those that been exiting probably been buying american banks backed by highly secure CDO instruments, wonder what he calls those!!!
Roads, Airports, Utilities a bit boring for Mr Chanos !!!!
MBL
macquarie bank limited
the man who called enron calls mac bnk , page-5
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