Posted by
Rick on Tuesday, November 18, 2008 12:45:54 PM
A high school friend of mine runs one of the TOP hedge funds and he was one of the five people whom the Congress asked to speak to it last week. If you are an avid C-Span viewer, you saw him.
Anyway, it just dawned on me that these hedge funds MAY become the last bastions of the free market because if Pres. Elect Obama starts moving towards socialism, which is the direction we on the right see him heading after Jan 20, 2009, these funds are going to dump their stocks en masse, and the markets are going to tank. No idea what my friend's company owns, but his job is to provide money to the people who've invested in his funds, and he does this really well.
When the markets tank, as we've been told for the last eight years, we are to blame the guy at the top - GWB. The market's tanking after 9/11/01 was GWB's fault as well, as far the media are concerned. Granted, a LOT of the tanking has happened already, and the only direction left for it to go is up. *shrug* Will Pres.-elect Obama give us those glassy eyed stares that Clinton gave us at news conferences in the '90s when the markets were shooting through the roof and he didn't know why.
Yet, he was the media's guy and lavish praise upon him they did.
So, which will it be? Will these hedge fund owners become the last bastions of the free market or will they fold and give up? *laughter*