Further Update From Value Investing Congress On Lehman Brothers (LEH)
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David Einhorn, founder of successful hedge fund Greenlight Capital, continued his analysis on why he does not like Lehman Brothers (NYSE: LEH).
He noted if Lehman announces a write-down then investors should be surprised because at the Merrill Lynch conference last week, Lehman said everything was fine.
Right after the quarter, the Chief Risk Officer left the company. The difference between 1998 and now, was in 1998 their were real underlying assets.
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