andersonole

Bill Ackman's Letter to Paulson On Restructuring Plan

God help us all. The head of a (totally unregulated) hedge fund gives advise to a former Goldman Sachs executive on how to restructure the assets of the corporations designed to help good old mom and pop home owners, but instead decided to play the Wall Street leverage games.

Just shows that the mantra of "let free markets reign supreme" only applies when it's not your ox that's getting gored.