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  "documentTitle": "Assured Guaranty (AGO)",
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  "authorName": "David Einhorn",
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  "presentationDate": "2018-04-23 00:00:00",
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      "text": "We very much understand AGO’s business model and stand by our analysis.",
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      "text": "This is the presentation David gave at the Sohn Investment Conference on Monday, April 23, 2018. Assured Guaranty (AGO) issued a press release that night, without having yet seen our presentation. AGO said that Greenlight demonstrated a 'fundamental lack of understanding of [AGO's] business model.' Further, it stated that scheduled shortfall principal and interest payments do not accelerate and it does not face liquidity risks. Notably AGO said, 'Mr. Einhorn's focus on total debt service ignores this lack of acceleration.' In fact, we agree that payments don't accelerate and the company does not face near-term liquidity risks – we never said that. We very much understand AGO's business model and stand by our analysis.",
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      "text": "“fundamental lack of understanding of [AGO’s] business model.” — Assured Guaranty (AGO); “Mr. Einhorn’s focus on total debt service ignores this lack of acceleration.” — Assured Guaranty (AGO)",
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