thinks the company is legitimate. >> it is good to bring up david einhorn.avid einhorn was one of the bigt guys to sort of go with one of these storied shorts, allied capital. it took him years and years. he wrote a book about it, "fooling some of the people all of the time," which demonstrates it can take years. it took years for him to get to the conclusion. that present a problem, doesn't it? because, as michael pointed out, to expire indue january. the clock is ticking. it may take years to prove the thesis on herbalife. >> the clock is ticking on the regulators, too. out there, demanding that regulators need to rule on bill?ife, besides >> no one is demanding it, but the regulators are on the spot. they have to make some sort of moved to indicate their view of this business model. they just had a major when at the appellate court -- major win at the appellate court level. they have to decide whether this is time to show publicly how they feel. >> why was that other case so important? >> it tested this notion of recruitment, and dismissed the importance

david einhorn shorted lehman brothers, and his pet turned out to be the correct one. >> that is one of debates in the market right now. when personal opinion -- if i am in the government, i want evidence wherever i can get it. to the extent there is a market incentive to bring crime or alleged crime or alleged wrongdoing to the attention of the government, that is a good thing. that said, there is a risk, when you have people who have such a strong, strong economic interest in just the start of an investigation, not even necessarily the outcome -- the start of an investigation time drive the value of a security down. that is a risk. i think there is a real cost-benefit analysis that needs to be done. government, ie care about knowing about potential wrongdoing. >> i want to circle back to something that was mentioned in the piece. ofare talking about a group latino litigants, about 16 of them in chicago. does the fact they were all from the same ethnic group raise a red flag? >> they have something apparently in common. the possible existence of a policy, either by the company, or perh

david einhorn, david loeb. >> he was asked about that yedz and he said what does the fed know? >> i just heard from different people that her staff argued to put that in there and that she wasn't so sure about it. i guess they thought if these things pull back. >> i said at what time is the buy, sell or hold segment that yellen is conducting. i have a couple of stocks that i was to ask about. that is -- that's a -- to me, it's a rookie mistake. and don't ever do that again. even greenspan came under pressure talking about the whole marketist. but to talk about individual sectors of the market? are you kidding me? nobody cares what she thinks. we care what she's going to do. >> she thinks. >> spooking of valuations, i thought -- if that's what she thinks, is this an argument to be pulling back? >> right. that was enough, you know? >> okay. >> don't you think? so it's an indication she's going to raise rates more quickly than we thought? >> you don't think it was an indication of that? >> i do, yeah. >> i think it was cover. i think it was cover if something blows up. >> i though