QuasiYoda

Greenlight's Einhorn: Buying S&P 500 and General Electric Puts

Your saying Einhorn orchestrated a takedown of Lehman is pure disinformation. There is probably a great analogy to put here but I can't think of it. So the outrageously excessive leverage used by Lehman had nothing to do with it? I forgot we live in an age where one is not responsible for the results of ones actions. Lehman found out differently when the Good Old Boy Club of Money Center Banksters cut them out of the bailout club. Lax Gov't Regulation and Risky Investing worked together to take Lehman out on thin ice.

And you fault the guy that recognizes "thin ice" when he sees it. Give me a break. I 'd love for him to educate our lawmakers and regulators on what the concepts of sound finance are all about in this overleveraged world.

The US would do better to slaughter the entitled mammoths of Money Center Banksters and others so we can move into the 21st century unencumbered by back office sweet heart deals where the Corporate Folly is Socialized and Corporate Greed is Privatized.


On Aug 16 11:44 AM Tom Armistead wrote:

> More likely Einhorn plans to orchestrate a takedown on GE the same
> as he did on Lehman. If successful. that would result in the S&P
> 500 going down rapidly, to say the least.
>
> I am not aware of anything to suggest that there is bad blood between
> Immelt and Geithner like there was between Fuld and Paulson. Plus
> the authorities have noticed that the collapse of a major financial
> institution has repurcussions and are unlikely to let personalities
> get in the way.
>
> Einhorn would do better for himself if he made positive bets on GE
> which is an American Icon, also on the S&P, which is undervalued.
> But if his bets are losers, as I think they are, I personally will
> be happy to see him lose money while I make it.