Greenlight Capital's David Einhorn shorting ratings agencies
|May 29th, 2010||
|The founder of hedge fund manager Greenlight Capital, David Einhorn, said earlier this week at the annual Ira Sohn Investment Research Conference that his firm maintains a short position in Moody's Corp (NYSE:MCO). According to Reuters, Einhorn criticized the ratings agency for continuing to use a limited outlook, 12 to 18 months, when assessing the credit worthiness of countries. He also faulted McGraw-Hill's (NYSE: MHP) Standard & Poor's unit for using the same methodology.|
David Einhorn also commented on the Greece debt crisis, saying that it could lead to the bursting of a possible sovereign debt bubble.
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