Chinese Accountants Unite

The recent blog attacks on thinly traded, mostly Chinese issues is a shot across the bow of the establishment.  Many see this as a disruptive force for good, and on the surface so do I.  That said, it would not be a surprise to me if the next highly publicized Wall Street “scandal” originates somewhere in the world of the newly democratized financial media rather than a corporate suite or the offices of sell side institutions.  It’s difficult to regulate and navigate this brave new world.  Some sites have millions of readers, so it’s not a stretch to say that they can exert influence.

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