Hedge Funds

May 9, 2009

Very interesting:

Link: Hedge Fund Leader Blasts Obama for “Bullying” and “Abuse of Power”

When I first heard the Obama soundbyte — on the day of the bankruptcy announcement — I was suprised, for sure. It was definitely an aggressive quote:

“In particular, a group of investment firms and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout. They were hoping that everybody else would make sacrifices and they would have to make none.”

The Yahoo article makes a good observation on the link between “sacrifice” and the TARP Program.