Einhorn: We Don’t Need No Stinking Ratings Agencies
David Einhorn likens not having ratings agencies to when his parents decided to move to Wisconsin when he was seven. “I didn’t know what would happen. I was very upset at the time, but we moved it kind of worked out OK. The idea that If we didn’t have official ratings, that something bad would happen, I don’t think that makes much sense.”
This morning, over the phone, David Einhorn compared the fear over not having official ratings agencies to utter terror he felt when his parents decided to move to Wisconsin when he was seven. “I didn’t know what would happen. I was very upset at the time, but we moved it kind of worked out OK. The idea that If we didn’t have official ratings, that something bad would happen, I don’t think that makes much sense,” he told Bloomberg TV.
