Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like any other financial instrument, if done properly.

Chanos (born 1957) is an American hedge fund manager and is president and founder of Kynikos Associates a New York City investment company that is focused on short selling. He questioned the stability of Chinese economy stating that historically analogous evidence points especially to a housing bubble mentioning commercial real estate in particular. James S.

James S. Chanos (born 1957) is an American hedge fund manager and is president and founder of Kynikos Associates a New York City investment company that is focused on short selling.