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...
www.blog.valueinvestingcongress.com/2007/11/06/david-einhorn%e2%80%99s-transcript-from-helbrunn-center-for-graham-dodd-investing/"
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