Keith Olbermann: Bear-Stearns and the other hedge fund messes are "going to make Enron....

[marmar]

.... look like the failure of a lemonade stand."

:spray: Very funny. But probably frighteningly true. :scared:

[proud patriot]

What time are the repeats on ?

I missed it .

[marmar]

2. One's on now....and I think the other is at 2.

n/t

[Warpy]

1. It is. Bear Stearns was worth maybe 170 billion at the top

Hedge funds are in the hundreds of TRILLIONS worldwide. When they go, they're going to take the whole world with them.

It's just paper profit for the boys at the top, but when the crash happens at the top it has a nasty habit of hitting the bottom the hardest.

[malaise]

3. That was a great line

The fraud will be exposed.

[BeatleBoot]

4. I just hope

the financial impact will be minimal to the average person.

But I doubt it.

It's going to get a lot worse before it gets better.

[selador]

5. great reason for diversification

overweighting in financials would seriously hurt any retail investor (not to mention hedgie).

if you are diversified across various sectors and asset classes, you are doing fine