Thursday, December 6, 2007

David Einhorn speech - Heilbrunn Center for Graham & Dodd Investing

17th Annual Graham & Dodd Breakfast
David Einhorn’s Prepared Remarks
October 19, 2007

This an excellent discussion by David Einhorn about why the current credit crisis goes beyond subprime and is really a reflection of poor lending standards ... in David's words "There has been a colossal undercharging for credit across the board."

Bond insurers and guarantors such as MBIA & Ambac have also played their part in contributing to this credit mess.

Here is the link..."

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