Hedge Funds

Einhorn book blasts Allied Capital


Don't ever accuse Greenlight Capital's David Einhorn of being too busy counting profits to take a public stand on controversial topics dear to his heart. In his new book, "Fooling Some of the People All of the Time: A Long Short Story," Einhorn describes Wall Street investors as gullible, SEC regulators as ineffectual, journalists as incompetent and corporate executives as chronic purveyors of fraud. Mind you, this all takes place on the book jacket. Inside, Einhorn chronicles Greenlight's ongoing battle with what he calls Allied's "unscrupulous" management, his personal benchmark for many other large public companies that he