Wednesday, December 17, 2008

They can dish it out, but they sure can't take it

It is to laugh. Hedge fund pirates complaining about how bad the SEC‘s oversight was concerning Bernard Madoff? Please! Surely it’s some pointed comedy skit? After all, they’ve fought tooth and nail to gut regulation and they’ve purchased most the politicians to keep us, the people, as represented by the government, from regulating their high-end gambling pits. The Republicans, with plenty of back-up of the Democratic wing of the oligarchy, has spent a generation de-funding and perverting regulation. They put the proverbial foxes in charge of the hen house, and a great majority of the well-off, knowing how they would be further enriched by the organized looting of the American commonwealth that resulted, smiled upon it and said it was good. For a while, anyway. Mammon’s great fires are now consuming the high priests themselves. For a change, the conmen are the suckers. Just desserts.

1 comment:

Unknown said...

great post!...... in researching more about hedge funds I came across a few books that were fascinating ..honest, and informative…..Hedge Fund Trading Secrets Revealed by Robert Dorfman... and Confessions of a Street Addict by Jim Cramer....both these books take you on a great ride about hedge funds and how they make money. I learned about this secret society than I ever would have imagined