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What happened with Lumber Liquidators is a perfect example of why hedge funds can be great for America

Business Insider – Whitney Tilson, who runs Kase Capital, just gave us all a great example of how hedge funds can be a force of good.

On Sunday,”60 Minutes” and Anderson Cooper ran a damning report about Lumber Liquidators–America’s largest specialty retailer of hardwood floors. The report found that Lumber Liquidators appears to be selling laminate flooring from China with levels of formaldehyde that’s higher than what’s permitted under California law. High levels of formaldehyde have a number of health concerns.

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