Hedge Funds

Hedge funds, the hit and run vehicles of the very wealthy have withheld their cooperation and sabotaged a settlement and forced Chrysler into Chapter 11 bankruptcy in hopes of securing a bigger bite of the additional federal funding being provided to the auto maker. Never a long term investor in Chrysler, the hedge funds bought in in hope of a quick hit, a profitable in and out, without any concern for the survivability of Chrysler nor its importance to the American economy. Their heavy ability to leverage situations to their sole advantage is proof that regulation of these funds is long past due.

Some quotes from H.L. Menken:

1) “a judge is a law student who marks his own examination papers.”
2) “faith may be defined briefly as an illogical belief in the occurrence of the impossible.”
3) “Democracy is the theory that the common people know what they want and deserve to get it, good and hard.”