Hedge Funds are Confused by the Actual Meaning of Capitalism

“The same guys who packaged this kind of junk will make money unpackaging it,” a hedge fund manager said. “Isn’t capitalism grand?”

Hedge Funds Crave Bonds That Almost Killed AIG [NetNet]

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


Mark S. said...

The same people (BlackRock) running the auction also get to bid on the bonds. Ain't felony insider trading grand?