Einman and the Lehman prophecy
Filed Under PR
David Einhorn - a well-known US Fund manager - gave a speech to several hundred people at the Time Warner Center New York on May 21 this year. Investors pay up to $3,250 for a seat at the conference.
The following is the last para of a report on it in an article published June 15 in New York magazine:
‘His firm had a short position on Lehman Brothers, he maintained, not only because Lehman had fudged its numbers but because its recklessness had put the financial system as we know it at grave risk. He ended with a call to federal regulators to “guide Lehman toward a recapitalization and recognition of its losses—hopefully before federal taxpayer assistance is required.”If only someone had listened.
You can reach the full article here:http://nymag.com/news/businessfinance/47844/
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