http://finance.yahoo.com/blogs/breakout/barton-biggs-austerity-big-mistake-124734101.html
I note that he is a manager of a hedge fund. A Hedge Fund manger is Bernie Maddoff, or the guy who just got 11 years in prison for shady dealing, or his accomplish who is also under indictment. What makes the media people think that a gambler, even an informed gambler is credible for national monetary policy? Geither was from Wall Strret,(remember he didn’t pay his taxes?)so was Paulson and Volcher. What did they get us but a lot of bailout, a lot of national debt and deeper into financial turmoil. Yes, the hedge fund managers make mistakes and then they ask the taxpayer, and I mean the middle class taxpayer to bail them out. Hedge fund managers are gambling that they are better at guessing then the rest of the pack and that they can cash out as soon as the water is boiling. The Fed, the USA, and you and I don’t have that “big boy” “insider” luxury. Maybe a solution to our problems is more federal regulation of hedge funds, a vehicle for the wealthy and super rich anyway, yes, maybe abolish the hedge fund gamble all together.
Progressive Politics 