You may find this post very interesting as well. I found if fascinating,
http://www.freerepublic.com/focus/f-news/2209313/posts
In 1998 LTCM nearly took the world down. LTCM compared to what had been amassed by 2007 was a chumps chump change. Hedge Funds are clearly the most evil and dangerous financial undertaking in human history. And even now, after all this, nothing is being done.
I suspect, that what is at hand, goes as follows.
Hedge Funds get unlimited leverage, preferential tax treatment, and lack of regulation. They pay for this.
They pay for the removal of the uptick rule.
In collusion they work to go after stocks and industries systematically.
They blame all this on Bush, and the Republicans.
The stupid public votes for Obama.
The Hedge Funds have made trillions.
With fear everywhere, the Obama admin gets stimulus package, that is just political payoffs.
Obama administration fixes what they know is broken.
Hedge funds go long, instead of short.
Markets go up, hedge funds make trillions more, Obama is the hero for “saving” the day.
End of story.