On
this POLITICO thread about Mitten$' taxes, while defending Mitten$ commenter Jeff Schmitt tries to push Greenlight Capital:
"If you want to invest in a hedge fund, say Greenlight Capital.."
I looked up Greenlight and found a red light:
Einhorn, Greenlight fined for market abuse
By Tommy Wilkes and Katya Wachtel
LONDON/NEW YORK | Wed Jan 25, 2012 8:06pm GMT
(Reuters) - David Einhorn's reputation as one of the hedge fund industry's most respected investors took a bit a of a hit Wednesday when Britain's financial regulator imposed a 7.2 million pounds fine on him and his Greenlight Capital fund for alleged trading abuses.
Britain's Financial Services Authority (FSA) said it fined Einhorn 3.64 million pounds and Greenlight Capital 3.65 million pounds for using inside information he obtained from a broker before selling shares in a UK public company in 2009.
UPDATE: In this post, Schmitt blew his cover:
Obama is going to lose. Probably by a wide margin. http://www.weeklystandard.com/blogs/obama-calls-money-shortage-critical_650857.html
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