These 'masters of the universe' must be tamed in the interests of the ordinary families whose jobs and livelihoods are being put at risk. The Tories won't say anything about the current crisis as they are completely in the pockets of the hedge funds.
When I was 23, 24, I started covering hedge funds - a lot of this was luck - when no one else did. This was before hedge funds were the prettiest girl in school: this was pre-nose job and treadmill for hedge funds, when nobody talked to them - back then, it was just all about insurance companies and money managers.
I can't figure out why anyone invests in active management, so asking me about hedge funds is just an extreme version of the same question. Since I think everything is appropriately priced, my advice would be to avoid high fees. So you can forget about hedge funds.
There are a lot of people whose livelihoods depend on keeping lots of conservatives terrified and ill-informed. The groups that exist to raise funds raise more funds when they endorse the crazier candidate.
It's important that we educate Americans about how hedge funds and private equity play completely different roles.
There is $1.4 billion a day in trade that goes back and forth across the border. That means millions of jobs and livelihoods for families here in Canada and for families in the United States.
Hedge funds are other hedge funds' toughest competition. And there are just more of them, and it's tougher and tougher all along.
Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
It is not my belief that we need greater government regulation of hedge funds with respect to the systemic risk they create.
Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.
Not only do unemployment benefits help families who are hurting; they also put money into their pockets that they'll then spend - and their spending will keep other Americans in jobs.
Making the tax cuts permanent will continue to grow the economy, create jobs, and put more money in the pockets of the hard-working families of Pennsylvania.
When you put more money in the pockets of working families, they spend it on groceries, gas, school supplies, and other goods and services. And that helps businesses grow and create jobs.
We need enormous pockets, pockets big enough for our families and our friends, and even the people who aren't on our lists, people we've never met but still want to protect. We need pockets for boroughs and for cities, a pocket that could hold the universe.
In general, the hedge funds were clobbered by the 1969 bear market, ending up in many cases with records that were worse than those put together by aggressive mutual funds denied the luxury of short sales.
I don't like writing straight-up thrillers. I like writing about families hurled into crisis and danger - soccer moms and regular dads and husbands who might have to rescue their daughters or who are, say, hedge fund managers and have one foot on the sidelines watching their kids and the other in nefarious cover-ups and conspiracies.
What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers.