![Our banks still don't have enough capital. Either dividends need to be cut or more shares will be issued.](/content/dam/images/g/m/b/o/d/f/image.related.afrIndexLead.160x106.gn4fff.png/1456463927807.jpg)
How hedge funds spun a 'big short' panic
This week's panic about a 'big short' in property shows how hedge fundsused media management to make war on the banks.
Christopher Joye is a contributing editor to The Australian Financial Review. He is a leading economist, fund manager and policy adviser who has previously worked for Goldman Sachs and the RBA, and was a director of the Menzies Research Centre. He is currently a director of Smarter Money Investments.
This week's panic about a 'big short' in property shows how hedge fundsused media management to make war on the banks.
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