Friday, September 02, 2011

Just Desserts

What a one-two punch.

Einhorn's Investments Keep Losing Money

Einhorn's Mets Deal Off

Seems like the guy who is definitely on the top-five list of the most individually blameable for the fall of Lehman Brothers in 2008 and the concurrent shakeup in my own life, is finally beginning to get his just desserts in life. David Einhorn may have donated a couple hundy large of WSOP Main Event winnings to charity a few years ago in an orchestrated public showing of altruism, but behind the scenes those who know the markets in which Einhorn has played know him to be as ruthless and money-obsessed as they come, not only able but readily willing to destroy millions of lives if it means he can make a couple extra billion next year, and maybe get his face in the paper to boot.

If you've had a rough go of life at any point since since early 2008 -- and I know there's a lot of you out there who fit that bill -- you've probably never realized how much of that you probably would have avoided if David Einhorn hadn't played the role he played in the move to overtly sell short and eventually bankrupt the world's fourth-largest investment bank and directly spark the worst global financial crisis since the Great Depression. Of course Lehman Brothers isn't the only company that Einhorn has set out to publicly destroy, but it has proven to be the most far-reaching and injurious of his countless money grabs over the last several years.

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