Sense on Cents

Sense on Cents welcomes the opportunity to promote those who boldly speak truth to power. While the market has a funny way of exposing frauds, the exposing of financial artifice can be facilitated by those who dig through books, records, and accounting statements. No question that our government has failed us often on these fronts. One who is making a real name for himself in this practice is Carson Block and his firm Muddy Waters.

Last week Block dropped his most recent bombshell on a Singapore-based commodities firm named Olam. The firm is fighting back and quickly launched a suit against the not easily scared Mr. Block who took his case against Olam to the airwaves in an interview on Bloomberg. This 12-minute clip is a “GREAT VIEW” as the indefatigable short seller not only calls out those at Olam but also zings the Chinese government for now more aggressively supporting the business practices of financial frauds within the People’s Republic. What else does Mr. Block address?  (more…)