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Leading Senators and Congressmen are right now under great pressure from hedge funds to

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-12-07 01:12 PM
Original message
Leading Senators and Congressmen are right now under great pressure from hedge funds to
...to block any and all legislation affecting them whatsoever.

Hedge funds managers fear that more disclosures will result in people realizing the whole Hedge Fund structure is coming down. The truth is that the hedge funds are are bankrupt and finished, so they are trying to persuade those key people in Congress is keep the truth from getting out, that truth being that their case was hopeless, and the hedge-fund racket would be closed down!

Yet, the Federal Reserve through Ben Bernanke want to keep it going as long as possible through the infusion of tens and perhaps hundreds of billions of dollars of new money, phony money which is backed by nothing. That will impose hyperinflation on the people of the this country which will blow the economy sky high.
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Trillo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-12-07 03:02 PM
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1. Curious that Hedge Funds would be made the scapegoat
for hyperinflation, when that is a known outcome of a fiat currency controlled by private bankers.
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-12-07 03:41 PM
Response to Reply #1
2. Hedge funds themselves are not responsible for hyperinflation
...but they are the logical recipient of huge fiat currency infusions from the Central Banks as supported by the events of the past several weeks. The hedge funds show a loss so they are exempt from taxes and the Central Banks get the Federal Government to bail out the loan losses by having the Freddie Mac and Fannie May and Gunther Bach buy up these defaulted loans and insure against the losses.

Shrub* who was a graduate from Yale and has his MBA from Harvard learned all about these schemes for bilking the public at that those hallowed institutions. Or at least made his business larceny contacts from there.
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