An Interview with David Einhorn of Greenlight Capital

I was alerted to this great transcript of an interview by the Financial Crisis Inquiry Commission in November 2010.  The interviewee is David Einhorn of Greenlight Capital.  David is a famous hedge fund manager for his public short positions on the Ambac, MBIA and Lehman.  But let's be clear.  His strategy is not only shorting.  His fund has a net long position in the market.

Some topics discussed were:

• Ratings agencies
• Credit bubble
• Risk management using Value at Risk
• Mark to market accounting
• Short selling