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FBN’s Charlie Gasparino on hedge fund manager Phil Falcone dismissing reports he was considering a Harbinger IPO.
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Major players in business and politics are gathering gathering this week in Las Vegas.
For the biggest hedge fund industry conference known as salt harbinger capital founder Phil Falcone gave -- Charlie Gasparino an exclusive interview -- Where he dismissed comments.
From so called brand X.
The other business network they Charlie thanks for joining us -- August 3 and they won't -- you bring -- camera but you're still getting you know worries right.
You shouldn't you should know -- I'm not lurking around here what do you know what -- knows -- on the way out.
Are we are providing 3-D C competition for brand actually you know what station that is.
And they came out with a report earlier today that -- -- just moments ago actually and -- welcome to harbinger.
Capital CEO controversial god I don't have to be really tight ball despite square -- -- in later.
But that rig accident -- May be thinking of doing an IPO harbinger.
On -- -- when I saw the headline temperate exit but the absurd so like it's secure an exclusive interview with bill Balco here's what he told lately is.
What they you know what would I IP OD totally ruled that it will work in our exclusive interview -- belt that.
Basically there's -- like PO and -- -- -- -- -- harbinger had its issues.
Has that investment in that controversial company known as lightsquared -- education company.
Embarq that also regulatory disputes to -- -- you know they eat balanced and CEO of all the lightsquared members took big position -- that kind of controls are.
He may -- bounce from that.
I will tell you that we have fairly wide ranging conversation on politics I think that nature.
-- -- -- I am sure about lightsquared -- he gave you've got a panel discussion.
With a bunch of other other players and dug deep predictions about the economy you know most of the other player basically -- -- It's going into at least a mild recession because what's going on Europe.
Most of the players in this is different from their contributions.
Basically.
-- debt government debt President Obama will likely win reelection.
Number Wall -- a lot of money to -- But still they're predicting an Obama victory that you know that kind of the -- the polls but that's what Wall -- say Vanilla instant.
About lightsquared.
You know we're we're just being good -- turnout as you know controversy or investment regulatory disputes.
-- investors don't want him out.
Ahmed -- Charlie explain what lightsquared is -- it's his supposedly he could be looked at as a genius if it were to work where he's trying to build out.
A real spectrum but the government is saying it interferes with global positioning satellites are already have in place.
It is regulatory concern obviously right come here -- -- prop and I think one of the things that she did he didn't sort of told a very good investor remember he made some -- billions of dollars shorting subprime debt trying to punish or that made it -- Iraq starting -- a bit before that it was a very good restaurant a lot of talk right.
-- the -- investment on -- look good but really this is political.
Commissions what did we do it talks and we unpacked political issues chill out impacts.
The bottom line of companies do have very well.
OK the other station actually does that very well so one -- the big -- still didn't elect leaders understand that political dynamic I think Chuck Grassley senator.
You know basically the US senator trade was -- -- mileage was -- -- -- -- opponents of this staying at you know basically.
Blocked a lot of this city because a lot of turmoil we lightsquared but I -- -- should still keep your prognosis how what you're investment could -- turn out.
-- -- Charlie take what it's worth.
I think we're to come out of okay on this week -- starter and you know what impressed.
That's true but you know what I would go to person ask the question.
And what do you do when you're looking for your next -- -- out there at the salt conference because of course -- not invited don't put on a Red Hat and wig because they disinvited me.
The second year of -- because other guys -- But you know as it's not like we're not invited we can't bring -- camera but we can do what what obviously which is good reporting.
And checking their facts you good about Al surge that is Charlie you're -- an IPO community your company has got some major Irish.
Cheap night which -- dismissed it we should say and he indicate -- what you know what we're saying BO.
This banner -- Thank you very much Charlie Gasparino keep going we'll take it when you get more news.
