What Might Real Financial Reform Look Like? | 17 comments (17 topical, editorial, 0 hidden)

Re: So the UK hedge funds imploded... (none / 1)

And just to be clear on this point, these clients are who exactly?

Speculants looking for a quick buck? CEOs looking for a place to park their bonuses? Or mom and dad whose pension fund bought some AAA-rated paper?

In the former two cases, I couldn't care less if I wanted to. Horse thieves stealing from other horse thieves.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Oct 20th, 2008 at 08:30:07 AM EST
[ Parent ]

Re: So the UK hedge funds imploded... (none / 0)

There could be some pension funds in there. Just because they are pension funds for mom and dad doesn't make them less of horse thieves.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Mon Oct 20th, 2008 at 03:20:09 PM EST
[ Parent ]

Re: So the UK hedge funds imploded... (none / 0)

But it does make it easier for them to unload their Shitpile(TM) on mom and dad. Hence my greater sympathy for their plight.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Oct 20th, 2008 at 03:58:41 PM EST
[ Parent ]

What Might Real Financial Reform Look Like? | 17 comments (17 topical, 0 editorial, 0 hidden)

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