1. QUOTE from:
    Einhorn: CDS Part Of The Communist Conspiracy
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    Not Jeff Macke but a fan of his work 4 this was from an investor letter, not a presentation. "At quarter end, the six largest disclosed long positions in the Partnerships are Arkema, CIT Group debt, Ford Motor Company debt, gold, Lanxess and Pfizer. The Partnerships had an average exposure to equities and fixed income (excluding credit derivatives, gold and foreign currencies) of 99% long and 59% short." Funny, but while people have been bitching for a few years about the CDS market, it seems to have quietly fixed itself without regulation and is functioning fine. Full Article at DealBreaker
    At quarter end, the six largest disclosed long positions in the Partnerships are Arkema, CIT Group debt, Ford Motor Company debt, gold, Lanxess and Pfizer. The Partnerships had an average exposure to equities and fixed income (excluding credit derivatives, gold and foreign currencies) of 99% long and 59% short.
    SOURCE: DealBreaker 1 month ago
All quotes from:
Einhorn: CDS Part Of The Communist Conspiracy
  1. I think that trying to make safer credit-default swaps is like trying to make safer asbestos
    – David Einhorn SOURCE: DealBreaker 1 month ago

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