Short sellers: short and sweet

Lehman Brothers’ bankruptcy examiner must be popular at Greenlight Capital. David Einhorn, the hedge fund’s founder, controversially criticized the Wall Street firm’s finances and accounting before it failed in September 2008. The examiner’s new report further vindicates Lehman critics like Einhorn. It’s a reminder to those who support squashing short selling that they risk removing important views from the market. Investors initially kept faith with Lehman after Bear Stearns collapsed into the...