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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (46707)	9/15/2008 12:24:22 PM
From: MJ	Respond to of 224690

Wrong, get rid of hedge funds totally------they are a major part of the financial problem. Investors who have bought into the hedge funds will find themselves in a crisis as the hedge funds crash-----its only a matter of time----keep it simple stupid is a message these profs don't seem to understand. . "In other words, the customers, not the companies, should be divided. This could be accomplished by extending the current system of government classification of “qualified investors,” used to limit who can invest in things like hedge funds. By demonstrating expert knowledge or the ability to absorb loss (because of high net worth), qualified investors could be given a pass into the caveat emptor world of modern Wall Street. Those without the inclination, the sophistication or the deep pockets to qualify would be limited to the more closely regulated menu of stocks, bonds and mutual funds."