Jim Chanos Says He Was Short LendingClub, Won on SunEdison
- Took LendingClub bet because ‘we had problems with the model’
- Shorted SunEdison after reversing view, Vivint deal news
Jim Chanos: We Were Short LendingClub
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Jim Chanos, the investor who predicted the collapse of Enron Corp. in 2001, said he was short the troubled fintech firm LendingClub Corp. and made money betting against solar developer SunEdison Inc. before its bankruptcy.
Chanos, speaking in an with Bloomberg Television’s Erik Schatzker, said he was spurred to short LendingClub because “we had problems with the model.” He declined to say if he was still betting against the stock or when he took the position.