“Namely, because the deal fees from financial engineering are so lucrative; and because the checks and balance of a healthy free market in finance——such as short-sellers, heavy hedging expense and meaningful carry costs for debt financed speculations—–have been destroyed by the central banks.” A Scam Called Valeant——Why The Casino Is Going To Blow | David Stockman’s Contra Corner

Namely, because the deal fees from financial engineering are so lucrative; and because the checks and balance of a healthy free market in finance——such as short-sellers, heavy hedging expense and meaningful carry costs for debt financed speculations—–have been destroyed by the central banks.

Source: A Scam Called Valeant——Why The Casino Is Going To Blow | David Stockman’s Contra Corner

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