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I am with you, but surely you understand that "hedge fund guys" is rhetorical language for the Lehman Bros., investment bankers that gave us the 2008 meltdown. I have a friend, finance guy at Columbia, who has written extensively on this. Those CEOs had specific, advance warning that they were carrying way too many "toxic" mortgage assets and ignored their own inside advisers.

So, yeah, there will be "demons" to focus on, with only themselves to blame.

21 posted on 09/27/2015 7:03:53 AM PDT by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))

I’m following you, but back it up a step: Why did the “toxic mortgage assets” exist in the first place? GOVERNMENT.

We already got Sarbanes-Oxley, hundreds of small-print pages of regulations to “fix” a problem that was created 100% by government. I’m prepared to applaud a smart tax proposal from Trump, but without a massive teardown of functions like government mortgage brokering, the best efforts will (in my opinion) simply result in more of the same.

Maybe it won’t be mortgages that are the trigger of the next meltdown. Maybe it will be college loans. Maybe it will be municipal or state bankruptcies. No amount of money-supply expansion can stave off disaster forever.

28 posted on 09/27/2015 7:09:32 AM PDT by Tax-chick ("There will be no conservative issue islands left to stand on if the red tide comes in."~S. Knish)

And remember it is some of these hedge fund guys who are setting up and giving to candidates PACs.

57 posted on 09/27/2015 7:34:14 AM PDT by Amntn

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