• 28 May 2009 at 3:52 PM

David Einhorn Is Optimistic The Obama Administration Can Fix This Thing, Provided It Changes Everything It’s Doing

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Sure, the Greenlight founder is disappointed with Obama and Co, which he believes is “following the same path as the Bush administration,” as it attempts to bring us back to the heady days of 2006 (“by propping up asset prices and reflating the popped credit bubble, subsidizing bank creditors and shareholders, and delaying needed bank recapitalizations, while hoping for an economic recovery”). But! Einhorn is confident Bush II is smart enough to wake up and do the right thing. Here are his closing remarks from the Ira Sohn conference. Have to say, we are loving this passive aggressive side. Notice how throws the campaign’s favorite word back at them?

“I am optimistic because even though I believe that Secretary Geithner is leading us down the wrong path, President Obama has demonstrated an ability to change his mind in other areas. To me, this reflects the work of an intelligent pragmatist acting upon fresh understanding. I am optimistic that President Obama is capable of making similar reassessments of the economic rescue plan, and changing direction there as well.”

David Einhorn Strikes Again [Daily Intel]

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Comments (14)

  1. 1
    Posted by guest | May 28, 2009 at 4:03 PM

    is he suggesting geithner be fired?

  2. 2
    Posted by guest | May 28, 2009 at 4:13 PM

    I agree with Greenie-
    What we really need is
    Bank-Aid 2009 *cue hip hop music*
    slogan: buh-leev-dat!

  3. 3
    Posted by guest | May 28, 2009 at 4:16 PM

    awesome tag btw

  4. 4
    Posted by guest | May 28, 2009 at 4:22 PM

    BOOM! Roasted

  5. 5
    Posted by guest | May 28, 2009 at 4:26 PM

    Hey Einhorn, meet the new boss – same as the old boss. Oh sad.

  6. 6
    Posted by guest | May 28, 2009 at 4:27 PM

    FYI….Macke just wrote on Minyanville to expect him back on CNBC, next monday.
    sooo 2 weeks to come down from a drug trip, the likes of which not seen on a GE station since Crispin Glover was on letterman?…..seems about right

  7. 7
    Posted by guest | May 28, 2009 at 4:28 PM

    Is that a “light sabre” in the background of the linked pic?
    “Sell, Luke, Sell…!!!!!!!”

  8. 8
    Posted by guest | May 28, 2009 at 4:36 PM

    @9 I saw that also…but the Johnny Walker bottle cancelled out any potential geektardation.

  9. 9
    Posted by guest | May 28, 2009 at 4:45 PM

    @10 – Yea and replaced it poor taste in scotch. Lose – Lose.
    I guess he’s still got that 6B hedge fund thing going for him though.

  10. 10
    Posted by guest | May 28, 2009 at 4:46 PM

    @11 – #11 Here….learn to post properly or don’t post at all.
    Should’ve read: “Yea and replaced it with poor taste in scotch.”

  11. 11
    Posted by guest | May 28, 2009 at 4:52 PM

    @5- that would make for fantastic comedic relief.

  12. 12
    Posted by guest | May 28, 2009 at 6:10 PM

    12, don’t pretend you’re too good for Johnnie Walker Blue
    Though the collection of teddy bears gave me pause.

  13. 13
    Posted by guest | May 29, 2009 at 2:07 AM

    einhorn = typical nyc libcom. totally clueless about politics if u read his book

  14. 14
    Posted by guest | May 29, 2009 at 9:19 AM

    hienie er…einie is a better theif than thinker……cause when he’s stealing his wife Cheryl Strass Einie is helping, when he’s thinking he’s on his own

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