Posted on 26 April 2011. Tags: 2012 Elections, Barack Obama, Campaign Finance, Democrats, Fairness, Financial Power, Greed, Hedge Funds, Insider Trading, Republicans, SAC, Steven Cohen, Taxes
When you swim with piranhas and think they are your friends, well, you’ll eventually get a rude lesson. Especially if you do just a little thing to hurt their interests. So, it is with the folks on Wall Street, and, in particular, the hedge fund world: they are pouring huge amounts of money into […]
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Posted in General Interest
Posted on 03 March 2011. Tags: Banks, Barclays, Citigroup, Financial Power, George Soros, Hedge Funds, Morgan Stanley, Quantum Fund
This may not seem like an earth-shaking moment but it is a telling truth about where money flows, who controls it and how little ability we have to oversee the shadow banking done at the margins of our economy. From the Financial Times: The top 10 hedge funds made $28bn for clients […]
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Posted in General Interest