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Quitting the Hedge Fund Game - Mark Sellers [View article]
oversight.house.gov/st...
The "Regulation of Hedge Funds" hearing scheduled for October 16th ought to be very interesting, especially given recent "talking head fodder" that the "hedge funds" are to blame for the wild intra-day swings....
....first it was the short-sellers....now we are again on hedge funds....next it is the regulators....
...when will we learn that the problem was "easy credit" provided by the FRB, irresponsible lending (the bankers themselves and mal-aligned incentive plans) by the banks, and poor decisions by the INDIVIDUALS (i.e., those that took out the loans).