{"id":10684,"date":"2009-05-28T00:00:00","date_gmt":"2009-05-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"einhorn-calls-aaa-rating-a-curse-shorts-moodys","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/einhorn-calls-aaa-rating-a-curse-shorts-moodys.html","title":{"rendered":"Einhorn calls AAA rating a curse, shorts Moody&#8217;s"},"content":{"rendered":"<p>Marketwatch &#8211; David Einhorn, head of hedge-fund firm Greenlight Capital, called AAA credit ratings a curse and said he is betting against rating agency Moody&#8217;s, during a speech at a closely watched investment conference on Wednesday.  \t\t\t\t\t\t\t\t<\/p>\n<p> Einhorn said that many institutions with AAA ratings, including the U.S. government, turned that supposed benefit into a disaster by borrowing recklessly, according to a hedge-fund investor who attended the conference in New York and spoke on condition of anonymity. <\/p>\n<p> The leading purveyor of AAA ratings is Moody&#8217;s (MCO), so Greenlight Capital is short that company&#8217;s shares, the investor quoted Einhorn as saying. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.marketwatch.com\/story\/einhorn-calls-aaa-rating-a-curse-shorts-moodys\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marketwatch &#8211; David Einhorn, head of hedge-fund firm Greenlight Capital, called AAA credit ratings a curse and said he is betting against rating agency Moody&#8217;s, during a speech at a closely watched investment conference on Wednesday. Einhorn said that many [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[12283,12282,2418,11501,12286,6621,5526,1156,6787,11148,4699,8884,3546,12285,12284],"class_list":["post-10684","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-aaa-credit","tag-agency-moody","tag-anonymity","tag-benefit","tag-curse","tag-david-einhorn","tag-disaster","tag-fund-investor","tag-greenlight-capital","tag-hedge-fund","tag-institutions","tag-investment-conference","tag-marketwatch","tag-mco","tag-purveyor"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10684"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10684\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}