Relevant:
- Household Net Worth Plunges By Most Since Q4 2008, As Government Borrowing Surges
- Fed: Home Equity Slips Further Below Fifty Percent
- GLG chief Emmanuel Roman warns thousands of hedge funds on brink of failure
- Market manipulation is the very purpose of derivatives
- Arbitrage disruption hits hedge funds
2010-03-12 — zerohedge.com
"Should the market dive, as many are concerned it is will once the Fed stops manipulating the mortgage (and potentially equity) market, watch all this intangible net worth disappear, as unbooked profits are just that - unbooked. "
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