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From Kirsten Bischoff, Opalesque New York:

With government concern over continuing (and growing) systemic bank risk, the argument for a financial system that contains its own system of checks and balances is strengthened. That is exactly the position that Bob Sloan takes in his new book "Don't Blame the Shorts: Why Short Sellers Are Always Blamed for Market Crashes and How History Is Repeating Itself".

Sloan is Managing Partner at New York-based S3 Partners LLC, which helps hedge funds reduce prime brokerage, counterparty risk and securities lending costs. Opalesque recently spoke with him about his inspiration to clear the misconceptions of short selling and what the future looks like for the strategy he says is "the ultimate American financial tool."

"There are too many times that the short sellers are right. What we have to do is change the way we look at them and the way we look at the law," Sloan says, bringing up the example of former Jeffries analyst Brian Kennedy, who's story was the subject of a recent WSJ article. While at Jeffries, Kennedy placed a "sell" rating on CardioNet early this year, then left the firm after being subjected to not only a......................

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