Block: Giving Up On China - Gov't Protects Frauds

Carson Block, founder of Muddy Waters Research, spoke with Bloomberg Television's Stephanie Ruhle and Tom Keene on "Market Makers" about his report on Olam International and said that he's lost interest in betting against Chinese stocks.

Block, who compared Olam to Enron, said, "China has gotten harder in the sense that the government has really taken the side of the frauds. The government is working with a number of these companies to try to conceal records that are public. When you are up against that sort of strength of the ability to revise history, it becomes very difficult."