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Author Previous Topic: You gotta be kiddin, ... Topic Next Topic: ANOTHER Cougar attack!!  

Monadnock Guide
Council of Elders


USA



Bumppo's Patron since [at least]:
March 14 2005

Status: offline

 

Posted - January 21 2010 :  8:40:21 PM  Show Profile
Hedge Funds are a financial nuclear time bomb looking for a match - and at some point they're going to find it. - If folks need to gamble with their money that badly, then go to Vegas, a track or buy a lottery ticket. When people gamble with a hedge fund, and that's EXACTLY what it is - they're gambling with "our money". Hedge funds operate "pretty much" in the background, but often take HUGE "leveraged" positions, and when one of those blows up, and they do, we ALL pay the price. Those folks can gamble all they want or need to, I have no problem with that, but ONLY with their own money.
.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ar0vT4CxfF3Q

you can keep "The Change"
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