hedge funds
A notorious hedge fund manager found guilty of the most blatant insider securities trading since the Reagan Era was sentenced to 11 years in federal prison today, which experts hope will “calm everyone the fuck down and maybe stop this revolution.” But the fat, diabetic billionaire’s mild prison sentence for his organized crime spree and [...]
The first explanation for last week’s 15-minute collapse of the entire global economy was that some Citigroup trader pressed “b” instead of “m.” That was too comical to be true. Then people assumed it was some big Wall Street hedge fund screwing around with high-frequency trading. That was too predictably evil to be true. Now [...]
Here is Rep. Tom Price, chair of the Republican Study Committee, standing before the Lincoln Memorial to show that Barack Obama, unlike Abraham Lincoln, is a DIVIDER, not U-NITER. He divides the American people into interest groups, see? Price backs this up with a very Populist real-world example: when hedge funds and i-bankers and other [...]
Just watch, in full, and keep in mind that this is what Fox & Friends is like *without* Steve Doocy. Oh, and Brian Kilmeade, what’s confusing you near the end there: they’re called “hedge funds,” and they play a big role in stuff, much more than just one George Soros/Marlon Brando can do on his [...]
Okay so it’s nine days old, but you must read this very delightful article about the effects of the financial crisis on Greenwich, Connecticut, a town where rich people live. There had been three types of people in Greenwich, organized into a clear heirarchy: rich hedge fund managers, rich investment bankers, and lastly, filthy serfs. [...]
Hedge Funds That Bankrupted Chrysler Are Terrified Of Internet Commenters
by Jim Newell
Many blame last week’s Chrysler bankruptcy on the fact that Chrysler is a shit company. They are wrong! It was really a group of hedge funds, holding large swaths of Chrysler debt, that rejected the administration’s settlement offer of a 33 cents-on-the-dollar payout and thus threw the company into its current quickie “nooner” of a [...]