OMG

I cannot help but ponder, as Obama turns his attention to Hedge Funds, how many trillions will he mow give to them?

( only slightly ironic)

I can’t believe I agree with BO on something. 

“Hedge” has nothing to do with what hedge funds do.  They’re part of the problem that vaunted Senate oversight has failed to deal with for over 2 years.

Henry Bregstein, who is co-managing partner at law firm Katten Muchin Rosenman and who represents hedge funds, said it is possible that accepting the government’s offer could have theoretically exposed the funds that Obama criticized to lawsuits from investors.

So, what is to keep taxpayers from looking deep into these funds and go ahead with a lawsuit?

IBETT

“I don’t stand with those who held out when everybody else is making sacrifices.”... thus spake President Obama, while addressing concerns about hedge funds. But this remarkable sentence could have just as easily been applied to other matters concerning his administration. In the case of the most recent catastrophe in the Middle East, the Israeli assault on Gaza, most certainly Israel has held out while the Palestinians made nearly all the sacrifice.
In the case of Treasury Secretary Geithner, he certainly held out, when the International Monetary Fund issued a check to pay his federal taxes, which he did not pay for another 3 years.
In the case of economics guru Larry Summers, he too held out as a hedge fund advisor, while holding down his day job as president of Harvard.
In the case of President Obama himself, he held out from using the word “holocaust” when referring to the 1915 genocide of Armenians, committed by Turkey, for fear of offending the strategic NATO partner.

The same people who created this mess are still in charge, all we did is change the name of the President nothing else.

After all the posturing, and B.S., the hedge fund owners will get everything they want, and we’ll have to pay for it.

Because that’s the bottom line of what’s happening, and that’s why Obama was elected, he’s supposed to sell it to us.

They’re crazy to think that we’ll have a country left after their through with it, but maybe that’s what they want.