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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (73196)	4/9/2010 11:26:39 AM
From: Maurice Winn	3 Recommendations Read Replies (1) \| Respond to of 74559

That's just a load of envy, which is one of the seven cardinal sins. Also, it has things back to front, the cart before the horse. The going bust process was a government-produced effort. Declaring companies too big to fail. Dropping interest rates too low for too long. Backing and forcing ridiculous loans to deadbeat debtors. Now they will make things worse with even more taxes and thickets of new regulations. The investors sensibly bet that the government would do more stupid things, and the government obliged. So of course the hedge funds which placed those bets made a fortune and protected the investments of those who were trying to avoid being taken down the gurgler like so many. But government kleptocrats, being envious and greedy don't like people to escape the carnage, so they will introduce new taxes to catch and ruin everyone, not just most, dragging down the whole system. If hedge fund shareholders want to pay their managers $1 billion, it's not my problem. When they get it wrong, I'll buy their assets for $1. Mqurice