Friday, October 17, 2008

Hedge Funds-Another Bailout for the Super Wealthy

Hedge Funds, consisting of $1.2 trillion of investments, are being forced to liquidate their assets as losses mount and investors begin to pull out their money, injecting fear at a time of severe market volatility. The next round of market instability will come as these funds dump their highly leveraged portfolios. Massive losses (and some say another round of bailouts) will occur.

Read this short story here.

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