Quote:
Originally Posted by avandonk
The people and I use the term loosely that run hedge funds are using someone else's money to bet against someone else's efforts to make a motza if their bet is correct.
These criminals were not only setting up a fund for investors that was designed to fail with their fellow conspirators i.e. the bankers that put the deals together and the ratings agencies. They also then had the nerve to ask for a Government bailout by holding the whole financial system to ransom.
These parasites should be shamed for the scum they are.
It is not good enough to say you do not understand. They are robbing all of us blind by destroying our productive enterprises to leeching our super funds.
My father said many years ago ' Watch the scum that will be attracted by the billions in the new super funds. They will work out how to get hold of these funds by all the standard cons with variations.'
Ponzi anyone?
These bits of slime who just gave themselves multi million dollar bonuses from taxpayers money should be prosecuted for the criminals they are.
I have no problem seeing what they have done. They are all merely criminals.
This was totally predictable but the so called regulators did nothing.
Fortunately this has not happened here in Australia YET!
We are a ripe plum for the plucking!
Bert
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The Scottish Claymore sword was developed to bludgeon the enemy to death within their own armor...I doubt there's a Pulitzer in that post; but it's funny.