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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (147854)	8/12/2007 9:08:37 PM
From: Henry J Costanzo	Read Replies (1) of 209892

OT...FA No one knows what the fall out from hedge funds leveraged to the hilt might be...But re all the sob stories about the millions of people losing their homes..and the enormous impact that's going to have on the consumer and the economy, all that's a convenient smokescreen IMHO...and I think that article was very useful in putting some real numbers on the subprime problrm As to those hedge funds with their fancy quant models, they should be made IMHO to suffer the consequences of their stupidity....Likewise banks who should have known better...they have balance sheets that can well afford to be hit.... Would be very nice indeed if you and I could leverage 10 to 1 and count on being bailed out if things go the wrong way.. Sorry for the rant...te...a sore point ..LOL

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