Monday, July 28, 2008

David Einhorn on

David Einhorn, founder of Greenlight Capital and author of "Fooling Some of the People All of the Time", speaks with "View from the markets",'s weekly video interview series.

In this three part interview, David offers his view of the recent move by the SEC to curb alleged naked-shorting in a list of 19 financial shares (a move he calls "a rather peculiar action"), the scapegoating of short-sellers for the problems affecting financial companies, the role of ratings agencies and risk management in the financial industry, and investing in distressed debt and shares.

Interestingly, Einhorn refused to provide an update on the status of his past short position in Lehman Brothers. When asked, he did say that his views on the company were well known and that he had nothing new to add at this time.

Is this a sign that Greenlight has decided to cover some or all of its previous short position, or is Einhorn just keeping mum in light of the recent publicity directed towards short-sellers in the US?