DESTRUCTIVE BET HEDGING SCHEMES CONTINUE

[Joanne98]

The Fortress hedge fund is dying today. Good riddance to an obvious scam! I wrote about it over 2 years ago and suggested that it was run by con men. Or rather, con gnomes. Foolish people bought stock in it. Fools and their money are soon parted. And many businesses are departing. They are going down the tubes. The cause?

Too much debt overhead! DUH. This, not the lack of ‘credit’, is the cause of their collapse. As I grew up, oldsters who were adults during the Great Depression and even older people who remembered the depressions of the 19th century, warned me to save up for bad times during good times. Instead, we evolved a culture where people run up debts in GOOD times and then default in bad times. This makes the bad times much worse than they might be if we were more careful about our finances.

Market Place - Fortress, the Hedge Fund, Is Crumbling - NYTimes.com

Continued>>>
http://emsnews2.wordpress.com/2008/12/04/destructive-bet-hedging-schemes-continue/

[sam sarrha]

1. just tax all non real value adding activities 99.99%.. put an end to it..!!

[JohnWxy]

2. recommended. YOu should email this to members of congress who are so worried about loaning money to

keep a domestic auto industry.