Charlie Rose

duoism  12/26/2012 11:23 PM Report

Doesn't the high quality of his thinking and obvious civility suggest Mr. Einhorn should be interviewed every two years? It is impressive how quietly he makes the point that the problem with the economy is not with insufficient regulation (because we have plenty of laws and rules), but rather, the problem is with unenforced, erratic, or preferential regulation by the regulators.

francacondo  08/12/2012 10:37 PM Report

if your parents give you $500,000 (today $2 million in today's money) can you still be called a self made?

slightly_optimistic  12/09/2010 05:55 AM Report

Re the undernoted, a party spokesman in the House of Lords was interviewed on the radio this morning. He wants a full report on the role of the auditors and the bank's Board on "the worst company train crash in history" which cost tens of thousands of businesses and hundreds of thousands of jobs.

The taxpayer has met, and will continue to meet huge costs as a result - we should surely know what went wrong.

robdverity  12/08/2010 05:34 PM Report

And furthermore, the ec. pundits pt. to repayment of bailout to NYC big banks as proof it worked, while the hinterland is awash with foreclosures and the rest of the world is in free-fall.

For those too obtuse to deserve to breathe: IT DID NOT WORK! The shit we're still in proves it. It worked for the rich ONLY. What a surprise. Ask Hank Paulson, R Rubin et al (down in the Bahamas).

robdverity  12/08/2010 04:30 PM Report

Republicanism's laissez faire capitalism is the cesspool origin of the ec. shit-pit we're in. Sham SEC, rating agencies, usury legislation, predation, ivy league wise-guys, egregious greed run amok. And no ones in jail yet. Moral hazard just ahead.

slightly_optimistic  12/08/2010 10:47 AM Report

It's a growing view that the financial collapse happened mainly because the regulators didn't enforce the financial rules. Auditors were leant on and caved in. In fact a public inquiry by the House of Lords last month heard that national regulators - the government - persuaded an auditor to give a clean bill of health to a major international bank.

parity  12/07/2010 05:23 PM Report

I happened upon the interview last night by accident and was glad to see David Einhorn on Charlie Rose. I have to think years in the future that Charlie Rose interviews will be re-played like the iconic episodes of Dick Cavett hosting both Jimmi Hendrix and Robert Young in the same evening. Great interviews.

Any opinion David Einhorn has can be debated, but he has had an uncanny knack for pointing out the dead "institutional" woodchucks in the room before the rest of the financial community willingly conceded. His charity speech about Allied Capital several years ago could have been the comic inspiration for the Stephen Colbert show.

Charlie's interview with David Einhorn was enlightening in that Einhorn admitted he failed to get into the business schools and yet was successful, and happier that he did not. He eventually took a job with a hedge fund (having to first ask what they did).

REMant  12/07/2010 11:11 AM Report

I don't share his optimism about Apple, at least in the computer mkt, tho it may come to dominate the mkt for Internet "appliances," or whatever, mainly because of their quality. Avoiding B- or grad school was probably beneficial, but now he will have to spend time learning how they think if he wants to do anything positive about them. That's always been my attitude toward formal education; it taught me where the problems were. Didn't help either my grades, or my career, however. He's right about both CDS's and rating agencies. The latter have been turned into salesmen (like most everyone else in this country these days). And also the outcome of the Lehman failure, tho I'm not sure these was any benefit at all to the bail-outs. Regulators are not anywhere near as important as raising reserve requirements. As he said, we already had the laws on the books. Markets are not efficient mainly because the banking system does not allow them to be, with which I think he will agree if he thinks about it. I also believe that, despite what they say publicly, the Fed's main concern is with the financial mkts, which IMHO they mistakenly see as the same as the economy, itself. But that's typical of traders and bankers, isn't it?