Thursday, May 28, 2009

Greenlight's Einhorn says shorting Moody's

Voltron says: Triple-A credit rating have become a GUARANTEE that a company
will go bankrupt, because hedge funds will seize on that credit rating as an
opportunity to leverage up and buy cheap insurance on it UNTIL IT BLOWS UP
IN THEIR FACES. I'm no longer short Moody's but for what it's worth . . .

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