Top Short Seller Jim Chanos Sounds Alarm After First Brands Bankruptcy, Says Could Trigger A Wave Of Corporate Collapses: 'Should Be The First Red Flag'

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Jim Chanos, one of Wall Street’s most prominent short sellers and the investor known for exposing energy trader Enron’s fraud, has said that the bankruptcy of U.S.-based First Brands Group could trigger a wave of corporate collapses.

The 67-year-old investor sounded the alarm about the private debt boom in an interview with The Financial Times on Thursday.