Buffett And Einhorn Downgrade Moody’s

Interest rate spikes, currency devaluations, too-big-to-fails, the SEC and investment theses.  These are just a few topics addressed by David Einhorn, co-founder of investment firm Greenlight Capital. Remember Mr. Einhorn?  He is the manager who uncovered alleged fraud at companies such as Allied Capital and Lehman Brothers.  Before everyone and their brother realized these allegations …

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A Houdini Rally

A hat tip to the Immobilienblasen blog for the cartoon and observations: “So this remains the Houdini rally — no jobs; no pricing power; no broad participation; and no volume.”

De-Leveraged Buyouts

‘The Fall of Icarus’ by artist Marc Chagall Two reports about strategic M&A and private equity were released recently.   Paul Weiss, a well-known corporate law firm, prepared a concise survey of the top 25 non-financial M&A transactions, highlighted at Research Recap here.  The report focuses on terms and characteristics.  However, a notable data-point is financial …

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