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Millions held in hedge funds lockdown
FT ^
| 10/01/08
| James Mackintosh
Posted on 10/02/2008 4:47:17 PM PDT by TigerLikesRooster
click here to read article
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To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; ...
2
posted on
10/02/2008 4:47:47 PM PDT
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
They must not have told their investors hedge funds are high risk.
3
posted on
10/02/2008 4:49:20 PM PDT
by
Tarpon
(Barrack Obama will ban all the guns he has the votes for ...)
To: TigerLikesRooster
FDIC insured accounts are for the little people.
To: TigerLikesRooster
I think we see why the Dems were so desperate to have the bailout.
5
posted on
10/02/2008 4:50:16 PM PDT
by
PapaBear3625
("In a time of universal deceit, telling the truth is a revolutionary act." -- George Orwell)
To: TigerLikesRooster
Sounds like these “hedge” funds forgot to hedge.
6
posted on
10/02/2008 4:53:37 PM PDT
by
oblomov
To: TigerLikesRooster
We’re gonna have to print a hell of a lot more money to cover all this, I’m thinking.
7
posted on
10/02/2008 4:58:23 PM PDT
by
Argus
(Obama: All turban and no goats.)
To: TigerLikesRooster
8
posted on
10/02/2008 4:59:32 PM PDT
by
djf
(Sound of gunfire, off in the distance, I'm getting used to that now...)
To: TigerLikesRooster
Wonder how long before this trickles down to 401K’s and IRA’s? I swear, I have been considering closing out my 401 and IRA and taking the tax and penalty hit just to have the cash in hand.
9
posted on
10/02/2008 5:05:54 PM PDT
by
saganite
(Obama is a political STD)
To: Argus
How much of Paulson’s $700B will end up in the Cayman Islands?
To: oblomov
Sounds like these “hedge” funds forgot to hedge.
100% long, 100% short, and fully hedged hedge funds were all caught up in the failure of LBIE.
Hedging against the failure of one's prime broker is not even possible, although certainly the fund managers should have been well aware of the risk to their assets if they remained with an insolvent PB.
jas3
11
posted on
10/02/2008 5:06:48 PM PDT
by
jas3
To: All
To: TigerLikesRooster
I was just reading about some dude that has $450 million that he can’t access....just sold his shipping company
To: AndyJackson
How much of Paulson’s $700B will end up in the Cayman Islands?
Relatively little.
The bailout is designed to recapitalize (mostly but not entirely domestic) commercial and investment banks, not hedge funds.
jas3
14
posted on
10/02/2008 5:08:42 PM PDT
by
jas3
To: Brian S. Fitzgerald
I have been considering closing out my 401 and IRA and taking the tax and penalty hit just to have the cash in hand.
50 cents on the dollar?
To: saganite
Wonder how long before this trickles down to 401K’s and IRA’s? I swear, I have been considering closing out my 401 and IRA and taking the tax and penalty hit just to have the cash in hand. Dunno if I'd do that ... converting it to cash holdings for a while? Heck yeah.
16
posted on
10/02/2008 5:09:27 PM PDT
by
Centurion2000
(McCain/Palin 2008 : Palin the Paladin 2012)
To: Brian S. Fitzgerald
The irony is that many hedge funds exist purely to mitigate risk, which is not possible inside a mutual fund thanks to Uncle Sucker’s regulations.
Hedge funds with very low risk profiles were caught up in the LBIE filing along with those with very high risk profiles.
jas3
17
posted on
10/02/2008 5:10:16 PM PDT
by
jas3
To: jas3
That is what Paulson said, and I believe him.
To: TigerLikesRooster
This is the real BS behind the Bailout... Hedge funds are collapsing and all those really really rich folks who are going to lose their shirts aren’t going to go down without getting congress to bail them out... not to mention that many states moved their retirment pension funds etc into Hedge Funds as well... So they won’t let them go down.
THat’s what this bailout is about folks, it ain’t about the average joe at all.
To: TigerLikesRooster
Doesn’t exactly fit on this thread, but is financial in nature and not important enough for a new thread:
WaMu assets are being rated a couple billion dollars downward.
The reason???
WaMu held a couple billion dollars of it’s own stock.
I thought that was illegal?
20
posted on
10/02/2008 5:13:40 PM PDT
by
djf
(Sound of gunfire, off in the distance, I'm getting used to that now...)
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