Hedge fund manager concerned that Seniors are stealing from kids.

[Turbineguy]

Druckenmiller Sees Storm Worse Than ’08 as Retirees Steal

Stan Druckenmiller, one of the best performing hedge-fund managers of the past three decades, has a warning for the youth of America: Don’t let your grandparents steal your money

http://www.bloomberg.com/news/2013-03-01/druckenmiller-sees-storm-worse-than-08-as-seniors-bankrupt-kids.html

I'm filing this under "Don't that just frost yer balls?"

[hobbit709]

1. Having a hedge fund manager warn me about stealing is supreme irony.

[el_bryanto]

2. What do hedge fund managers do in your opinion?

Or why are they the equivalent of thieves? I believe Mr. Soros is a hedge fund manager.

Bryant

[hobbit709]

5. They place bets with other people's money and somehow always personally come out ahead.

[el_bryanto]

6. That's called investing. They set up funds, in which they place their own money

and take money from other people. If the fund does well, they do well along with it. And how is that thievery.

Don't get me wrong, there is crime in the financial industry, but not sure hedgefunds are the worst of it.

Bryant

[GeorgeGist]

10. No.

It's gambling.

[el_bryanto]

12. Ah - So investing is the same as gambling? What?

I don't think that's accurate.

[WinkyDink]

7. Not pay enough taxes to help shore up S.S. for "the grandkids."

[el_bryanto]

11. Yeah but isn't that most of the wealthy? I mean that's not unique to Hedge Funds. nt

[Turbineguy]

3. Yes

but in this case it's more like "goldy"

[socialist_n_TN]

4. Yep. Nobody ELSE better get in on the stealing racket.........

That's an area reserved for hedge fund managers.

[Tippy]

8. Talking about stealing......Where in the hell did all the money congress barrowed

From SS go?

[BeyondGeography]

9. He sees 40 million kids marching on Washington?

All staring at their smartphones...

He's on to a problem, but it's not inter-generational theft; it's capitalism run aground. This system won't hold another 20 years, let alone 50. Growth is over and we'll have to live differently. Looking forward to that conversation, Mr. Druckenmiller.

[marmar]

13. A hedge fund manager concerned about theft?

Next up: A bullfighter concerned about animal cruelty.

[Generic Other]

14. Druckenmiller stopped managing money for outside clients in 2010

So, ex-hedgefund manager whines about lack of money for him to gamble with.

[99Forever]

15. If anyone knows about stealing...

... it's a master thief in the 3 piece suit.

Suck it, scumbag.