Relevant:
- Fink Says BlackRock to Take Part in Geithner’s Toxic-Asset Plan
- Hedge Funds Have Failed To Participate In Equity Rally
- Paul Ryan's $700-Wine-Sipping Buddies: Hedge Fund Manager And University Of Chicago Economist
- Greek Authorities Ban Hedge Funds From Buying Any of Their New Bonds
- Brazilian hedge funds trounce competition
2009-05-06 — blogspot.com
Let’s also mention only in passing the irony of this same President begging hedge funds to borrow more to purchase other troubled securities. That he expects them to do so when he has already shown what happens if they ask for their money to be repaid fairly would be amusing if not so dangerous. That hedge funds might not participate in these programs because of fear of getting sucked into some toxic demagoguery that ends in arbitrary punishment for trying to work with the Treasury is distressing. Some useful programs, like those designed to help finance consumer loans, won't work because of this irresponsible hectoring.
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