DougM

Making Sense of the Brokerage Bust

The hedge funds are doing exactly the same things these failing firms have been doing; gambling in the markets against each other with huge sums of borrowed money. The only difference is, the big WS firms forced the rest of us to invest in their schemes by virtue of being publicly traded. And, in an odd way, the hedge funds are a cheaper way to lose your money, since their take of the profits is "only" 20%.