Einhorn Doesn't Need Your Stinking Protection

Author:
Publish date:
Updated on

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]

Related

News

Greece Doesn't Need You!

Greece doesn't need any of you! Greece's finance minister on Thursday denied a report citing the country's representative to the IMF as saying Athens would need a third bailout package. The euro weakened against the dollar on the report, which was later also denied by the official quoted in the article and came as international inspectors are mulling handing over the next tranche of Greece's second aid package. "The country's positions are formulated by the Prime Minister and the Finance Minister," Greek Finance Minister Yannis Stournaras told Reuters in response to the Dow Jones/Wall Street Journal report. The article quoted Thanos Catsambas, Alternate Executive Director at the IMF Executive Board representing Greece, as saying the country would need a third bailout from European creditors. It also reported Greece could not bridge a funding gap and had met only 22 percent of targets for the second bailout...Catsambas issued a statement saying the article included "at least three important inaccuracies". [Reuters]