SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Asia Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Frodo Baxter who wrote (6739)9/26/1998 9:33:00 AM
From: Robert Douglas  Read Replies (2) of 9980
 
Lawrence,

In response to my post on Long Term Capital and the actions of their managers you wrote:

Huh? Since when did pay-for-play management fees become immoral?

I have nothing against pay-for-play management fees, I have received some myself. What I was referring to is managers taking reckless risks knowing that the FED would bail them out if things fell apart. Granted this is a stretch with LTC and hedge-funds in general, but it is a reality with banks. This is the reason why I feel that banks deserve to be heavily regulated, despite my free-market leanings, because they are "too critical to fail."

-Robert

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News