At 04:57 PM 10/7/2008, Robert Arbuckle wrote:
I believe in an open and freely
operating market but no one envisioned a whole lot of wealthy people pooling
their money together to push the markets where they wanted them to go to the
benefit of those limited investors. Not only doing that but doing
nearly everything with no public over-sight or reporting.
Last time I checked (about a year ago), hedge funds were a
mere $2 trillion vs. about $60 trillion in all investments so it is hard to
believe that they are causing this damage.
I suspect that the real
culprit will turn out to be the public yanking their money out of the market
and money market funds and I don't blame them... Who wants to go down with the
ship...
Bob Fulks