Einhorn Doesn't Need Your Stinking Protection
As you know, we've been encouraging the various firms on the "no short" list to say thanks but no thanks to Cox, and remove themselves from the ban. We were specifically hoping Goldman would send the message that they are strong enough to go it alone, but apparently they're not yet done being hypocritical pussies. Fair enough. Luckily, David Einhorny is no such HP.
Living up to his name, the Greenlight Capital founder has pulled Greenlight Re (GLRE) from the list. If 'Horny isn't afraid to expose his super-secret offshore Cayman island firm to the scrutiny of the market, what the hell is GS's problem? I guess they just don't have the stones for this business. Maybe they should think about moving into retail banki--oh, oh wait.
In related news, in association with Naked Shorts, we're considering printing and distributing 'Gutless Hypocrite' T-shirts. We just need the sizes of Peter Clarke, Noam Gottesman, a few others, and we're good to go.
[NASDAQ via Naked Shorts]