[econjack]

On immigration, more illegal immigrants, Mexicans to be specific, have departed the country in the last five years than have entered. The greatest numbers of new immigrants are Asian and Indian, not Hispanic.

For the last 5 years? I'd like to know the source of that statistic, and some of the other statements you've made. Also, he closed his doors on the eve of the financial collapse, not well into it. Indeed, he was one of the first to tank while other investment banking houses were still in the black.

[CutePuppy]

Also, he closed his doors on the eve of the financial collapse, not well into it. Indeed, he was one of the first to tank while other investment banking houses were still in the black.

Seriously? If you want to attack the author, just because you can't dismiss the facts, at least make your assertions and timelines half-way plausible.

1. Insana closed the fund in mid-August of 2008, way past the collapse and forced selling of CountryWide Financial to BoA (January 2008), Bear Stearns to JP Morgan (March 2008), FDIC takeover of IndiMac (now OneWest, part of CIT Group, July 2008) and just a month before collapse of Lehman Brothers (September 2008), forced selling of giant financial institutions like Merrill Lynch to BoA, Wachovia to Wells Fargo, Washington Mutual to JP Morgan etc. - anybody who was watching the markets and the economy since late 2007 knew we were in the middle of the financial collapse.

2. What part of losing 5% when S&P lost 15%, and "liquidity crisis" where nobody could raise additional capital don't you understand?

3. investment banking houses are not hedge funds - article makes the distinction very clear. And could you tell me how many "other" hedge funds or financial institutions (except the very few who were selling short the mortgage-backed securities [MBS] and collateral debt obligations [CDO] via credit default swaps [CDS], like John Paulson, Jeff Greene et al) were "in the black" at the time?

4. So, Insana, the guy who protected his investors from incurring major losses, has less credibility with you than a brand-making celebrity who borrowed $2 billion for various failing enterprises, skimmed hundreds of millions for himself while loading the debt onto gullible >>"Invest in Trump" public and then leaving them broke, while still bragging about his "brand"? The guy who brags about being "charitable" because he "donated" for fat tax breaks some land that he could not develop otherwise, despite years spent fighting it in courts? The guy who wasn't in any shape or form a Republican few years / months ago and was giving donations to liberal politicians and groups (but just like Bloomberg ran for NY mayor on (R) ticket he understands the Stupid Party is a much easier entry point, if you dazzle them with "business success" - BTW, Bloomberg's success is at least legitimate and self-made, not inherited or scammed through shady deals and Wall Street's debt and public market, not that I would vote for him)? The guy who sues or threatens everyone who has temerity to tell the truth about him (imagine him in charge of DOJ)? I could go on and on, but here's his own words on his "successes" - Ivanka: My Dad's Feud With Megyn Kelly Was 'Sensationalized - FR, post #24, 2015 October 15:

This was the first of four bankruptcies that Trump casino-related entities filed over the next two decades. And at least in this instance, more folks suffered than just a bunch of big institutional lenders, branded by Trump in the August Republican debate as a bunch of "total killers," who by implication deserved their losses. In fact, many of the Taj bonds were owned by the general public via high-yield bond funds. Asked about the bankruptcies in a recent debate, Trump explained that "hundreds of companies" have gone through the same legal process and that he'd "used the law four times and made a tremendous thing. I'm in business. I did a very good job."

Please read again the links I provided, it will help clear the confusion.