Greenlight Capital's David Einhorn On The Climate Of The Shutdown
Hedge fund manager, founder and president of Greenlight Capital David Einhorn spoke with the folks at Bloomberg Television on Wednesday where he discussed a variety of things, including how the government shutdown looks and where he thinks it's going from here.
“I think that almost everybody just wants there to be a deal. We have a divided government. There is a reason why we have a divided government. You have a president and two branches of the legislature and the American people want a divided government," said Einhorn.
"When you have a divided government that means they are supposed to negotiate with each other horse-trade and come to a deal and the thing that is particularly depressing to me about the current situation it does not even seem like they locked themselves in a room and did their best to find a middle ground. They just kind of take the point of view and say, ‘Hey, we are not negotiating with the other guy.' I think it is embarrassing to all of them.”
According to Einhorn, missing the deadline and defaulting on the debt is an option that doesn't seem possible, saying that the government shutdown was already bad.
“It does not seem that they tried to sit down to talk through their differences. That is the tone in Washington. It's a real shame,” said Einhorn
At the time of this writing, Jason Cunningham had no position with the mentioned entities. Visit Jason on Twitter @JasonCunningham.
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