http://www.deepcapture.com/was-dan-loebs-capital-allied-with-david-einhorns/ Independent investigations into illegal naked short selling. Sat, 07 Nov 2009 21:35:38 -0600 http://wordpress.org/?v=2.8.4 hourly 1 http://www.deepcapture.com/was-dan-loebs-capital-allied-with-david-einhorns/comment-page-1/#comment-148728 Sahil Gujral Fri, 20 Mar 2009 20:10:10 +0000 http://www.deepcapture.com/?p=428#comment-148728 I suspect you've got this one deeply wrong. If you'd actually read "Fooling" carefully, you'd see that Einhorn publicly admits to the assessments of ALD's ponzi scheme that Greenlight had publicly disseminated and he talks about his relationship with Loeb. I don't know what kind of kangaroo interpretation of 33 or 34 you have but the dissemination of public, honest information about a shady company is neither unethical nor illegal. It is not "materal, non-public info" given that it was all published, nor was it "fraud" in that it was all grounded in sincere belief or objective fact. In the end, you didn't need to be a genius to see that ALD was (and is) a MASSIVE politically connected Ponzi that would put the Bernie Maddoff's of the world to shame. The SEC has bogus investigated the short sellers and none of the actual crooks throughout this entire decade and that is precisely the problem. Go read the Einhorn/Lewis NYT op-ed on this for a brilliant exposition and while you are at it pick up David's book again to see what an amazing earnest, analytical mind is working on this even if a lousy sales person. FYI, I am not long or short ALD or any other Greenlight or Third Point holding, to be best of my knowledge, at this time. I am just a college student who thinks this post was written by a remarkably gullible person. I suspect you’ve got this one deeply wrong. If you’d actually read “Fooling” carefully, you’d see that Einhorn publicly admits to the assessments of ALD’s ponzi scheme that Greenlight had publicly disseminated and he talks about his relationship with Loeb. I don’t know what kind of kangaroo interpretation of 33 or 34 you have but the dissemination of public, honest information about a shady company is neither unethical nor illegal. It is not “materal, non-public info” given that it was all published, nor was it “fraud” in that it was all grounded in sincere belief or objective fact. In the end, you didn’t need to be a genius to see that ALD was (and is) a MASSIVE politically connected Ponzi that would put the Bernie Maddoff’s of the world to shame. The SEC has bogus investigated the short sellers and none of the actual crooks throughout this entire decade and that is precisely the problem. Go read the Einhorn/Lewis NYT op-ed on this for a brilliant exposition and while you are at it pick up David’s book again to see what an amazing earnest, analytical mind is working on this even if a lousy sales person. FYI, I am not long or short ALD or any other Greenlight or Third Point holding, to be best of my knowledge, at this time. I am just a college student who thinks this post was written by a remarkably gullible person.

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