Posts Tagged as ‘Short Selling’

September 21, 2008

The Dirt on Attorney Generalissimo Cuomo

Oh this is nice–could be the greatest twist in New York State politics since Client Number 9. Instead of investigating short-sellers, perhaps our dear Attorney Generalissimo should investigate his own responsibility for the current crisis? According to the Village Voice: 
Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions [...]

September 21, 2008

Whereof the Hedge Fund Speaks, Thereof the Time-Servers Must Be Silent

Joe Nocera, who has been blogging intermittently at the Times, decided to cede the floor to Cliff Asness,  the managing partner of AQR, a $30 billion hedge fund. Asness sounds off on the prohibition against short-selling: 
Frankly, I expect some confused socialism from the Brits, but not from our “small government” Republicans (for the record, on matters [...]

September 18, 2008

Attorney Generalissimo Cuomo to Einhorn: You Know Too Much!

Our man of the hour, David Einhorn, has said academic research and his firm’s experience indicate that whenever management complains about short-selling, it is a sign that management is attempting to distract investors from serious problems. Einhorn said that back in May. I would like to add a corollary to Einhorn’s principle: whenever management convinces [...]

September 17, 2008

Someone Should Interview David Einhorn

Back in early summer, a friend of mine who works used to work at Lehman as an analyst told me about this New York Magazine article on David Einhorn. She said all her coworkers anticipated its publication. I wonder what they think of David Einhorn now. Einhorn began shorting Lehman’s stock last May when he uncovered discrepancies [...]