Einhorn: Obama Blowing Up Another Bubble
Monday, June 8, 2009 11:39 AM
By: Julie Crawshaw Article Font Size
The Obama administration is using the same naive playbook the Bush administration used, says Greenlight Capital fund manager David Einhorn.
"The basic strategy appears to be to try to bring us back to 2006 by propping up asset prices and re-inflating the popped credit bubble while hoping for an economic recovery," Einhorn told attendees at the recent Ira W. Sohn Investment Research Conference.