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Started By
Message
re: Banking Sinking Faster Than Gov Can Bail
Posted on 12/30/08 at 3:17 pm to kfizzle85
Posted on 12/30/08 at 3:17 pm to kfizzle85
Making lots of money with a hedge fund is not difficult...if you are the founder and ceo. Pay yourself well till the fund is insolvent then fold it. Happens almost every day.
Many of the boys have started and folded numerous hedge funds. Makes one wonder just how large the pool of wealthy fools is. I suppose the wealthy fools will wise up...when they run out of money.
Many of the boys have started and folded numerous hedge funds. Makes one wonder just how large the pool of wealthy fools is. I suppose the wealthy fools will wise up...when they run out of money.
2
Posted on 12/30/08 at 3:47 pm to Rivers
Sounds about right.
Posted on 12/30/08 at 4:21 pm to Rivers
The UAW story and all the uproar that surrounded it served as a useful distraction, while the White House/Congress/Treasury allowed 10's, maybe hundreds of billions of dollars to disappear into a blackhole that has no accountability.
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