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Skeptical Investor Puts Trust In Ratings Agency

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Carson Block of Muddy Waters. Not to be confused with a cow.

You may be aware that noisy Asia-focused short-seller Muddy Waters is in a fight with Singaporean agricultural commodity trader Olam. Muddy Waters thinks that Olam is “an extreme example of an increasingly important conflict in modern finance: the clash between accounting and business reality,” and that “it is instructive to view Olam through the lens…

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Tags: Carson Block, Muddy Waters, Olam, ratings agencies, S&P, short selling


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