Don't Be Scammed by Madoff Investor Sob Stories [View article]
Hedge funds are part of a "shadow", more appropriately, shadowy, banking system which in reality is nothing more than cover for duplicitous handling of money. The system is so vulnerable to criminality that it needs to be completely shut down.
Hedge Funds Are Getting Their Butts Kicked Too [View article]
Funny how the number one hedge fund performer is being advised by the former chariman of the US Federal Reserve. Isn't that cute and cozy. Can it get any more worm and fuzzy than this.
Bill Gross: Politicking for His Own Bailout [View article]
This entire sordid affair is just the end result of what has been a literal pyramid scheme in US real estate, where all but the unemployed homeless, and perhaps those too, were given subprime loans just to pump air into the bubble. The same bubble that Greenspan and his current employer is now profiting from on the downside while families lose their homes. Pimco deserves no sympathy but merely finds itself wallowing in the same cess pool that ordinary investors have been subjected to while "elite" and connected money managers gamed the system. American capitalism has literally become cannabilistic, eating muscle from bones and sucking the life blood from its very self, leaving only a dying, moaning skeleton clinging to its last painful, shallow breath. It's always been about money. It's always been about class.
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Latest | Highest ratedDon't Be Scammed by Madoff Investor Sob Stories [View article]
Hedge Funds Are Getting Their Butts Kicked Too [View article]
Bill Gross: Politicking for His Own Bailout [View article]