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Einhorn finds dinner chat with Bernanke 'frightening'
By Katherine Burton
Bloomberg News
Tuesday, May 6, 2014
David Einhorn, manager of the $10 billion Greenlight Capital Inc., said he found a recent dinner conversation with former Federal Reserve Chairman Ben S. Bernanke scary.
"I got to ask him all these questions that had been on my mind for a long time," Einhorn said in an interview today with Erik Schatzker and Stephanie Ruhle on Bloomberg Television, referring to a March 26 dinner with Bernanke. "It was sort of frightening because the answers were not better than I thought they would be."
Einhorn, 45, has been critical of Bernanke's willingness to leave interest rates near zero for more than five years. The hedge-fund manager has said the benefits of low rates diminish over time until they are more harmful than helpful and that the Fed's stimulus has led to income inequality. Bernanke, a former Princeton University economics professor, stepped down this year after eight years helming the U.S. central bank. ...
... For the complete story:
http://www.bloomberg.com/news/2014-05-06/einhorn-finds-dinner-chat-with-...
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