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Fooling Some Of The People All Of The Time, A Long Short Story (2008)

by David Einhorn(Favorite Author)

3.96 of 5 Votes: 5

languge

English

genre

History & Biography

publisher

Wiley

review 1: Einhorn tells an extremely long winded story of fraud at Allied Capital. It's pretty interesting stuff, if you're into financial fraud, but almost annoyingly biased. Still, since Einhorn was right, he gets to write the book. I think the book could have used a stronger editor, as Einhorn insists on explaining every move in his quest to show the truth about Allied's corrupt practices and documenting every slight (from the media, the SEC, Allied, and various individuals). The same info could have been gotten across in at least 100 fewer pages. Still, worth reading. May make you depressed about the government's ability to function.
review 2: Book review fooling some of the people all of the time by David Einhorn.Excellent book reminds me of when genius failed... more the greatest trade ever.Interesting commentary on government in efficiency government corruption at the highest levels the way campaign finance corrupts public finance.The story of David Einhorn doing a short sale of Allied capital primarily because of its subsidiary BLX (business loan express) it's basically the same thing as Enron but it has not blown up at the time of his writing back in 2008.BL ex and defrauded that is BA small business administration loan program and also the agricultural Department loan program.Allied capital donated in too many political campaigns and therefore was very lightly regulated the SBA the SEC the department of agriculture all were notified of the fraud and no one would take action. less

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