Greenlight Capital's David Einhorn shorting ratings agencies

The founder of hedge fund manager Greenlight Capital, David Einhorn, said earlier this week at the annual Ira Sohn Investment Research Conference that his firm maintains a short position in Moody's Corp (NYSE:MCO). According to Reuters, Einhorn criticized the ratings agency for continuing to use a limited outlook, 12 to 18 months, when assessing the credit worthiness of countries. He also faulted...