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NYT Smears David Einhorn, Again

The asset values can be argued about, but take a look at rcent major investments .. Archstone Smith .. Sun Cal that turned sour from the day they completed.

Probably they have made many a trip to the discount window since Erin said after Q1 results that they would of course be visiting it.

Too many and now they are toxic.

Mr Einhorn and his investors are on a one way bet and will soon collect.

Lessons from Lehman and Einhorn

The trajectory of the ordure hitting the airconditioning is becoming increasingly predictable - the Bonfire of the Vanities is upon us.

It is difficutlt to decide which is more unpleasant, the smug Einhorn lifting up the stones or the sassy and pretty Erin Callan orchestrating what looks like a leak fest ,to conceal ,rather than reveal ,what is underneath.

The more one examines some of the more recent "investments", SunCal , Archstone Smith .. followed by their subsequent swift loss in asset value , the more one has to question not the current asset values (which are scary enough) but the quality of management that plunged into them so recently.

Without a rapid and convincing tabulated and detailed eplanation of current assets and valuations it is difficult to see that Lehman Brothers will not suffer the fate of BS.

The worry is , that such a fit of transparency might precipitate such an ending ... but a little bit quicker.