Reply #33: There a some good points here but I would add [View All]

[Fabio]

the fact that market to market rules -- while meant for the best -- have been a pretty major driver for banks going down, as they have been forced to value assets at prices marked by distressed sellers.

Also, I disagree that the Bush tax cuts were a meaningful driver in money used in hedge funds -- the hedge fund industry is largely funded by institutional investors -- who are almost universally 501c3 -- and thus unaffected by the tax cuts directly.