Comments on: The World’s Largest Hedge Fund http://www.ritholtz.com/blog/2008/12/the-worlds-largest-hedge-fund/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 12:43:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: gamingthemarket http://www.ritholtz.com/blog/2008/12/the-worlds-largest-hedge-fund/comment-page-1/#comment-134375 gamingthemarket Thu, 18 Dec 2008 03:04:39 +0000 http://www.ritholtz.com/blog/?p=13086#comment-134375 Phil Gramm left Capitol Hill in 2002 joining UBS as a senior investment banker and head of the company’s lobbying operation. He and his group of deregulators removed rules put in place after the Great Depression to prevent abuse of the financial system. A system that cracked with deregulation as the catalyst. Policy designed to limit Big Government has now had the opposite effect. Explore how Phil Gramm set the stage for Armageddon and who profited: http://www.gamingthemarket.com/2008/12/deregulation-catalyst-to-crash.html Phil Gramm left Capitol Hill in 2002 joining UBS as a senior investment banker and head of the company’s lobbying operation.

He and his group of deregulators removed rules put in place after the Great Depression to prevent abuse of the financial system. A system that cracked with deregulation as the catalyst. Policy designed to limit Big Government has now had the opposite effect.

Explore how Phil Gramm set the stage for Armageddon and who profited:

http://www.gamingthemarket.com/2008/12/deregulation-catalyst-to-crash.html

]]> By: Pat G. http://www.ritholtz.com/blog/2008/12/the-worlds-largest-hedge-fund/comment-page-1/#comment-134153 Pat G. Wed, 17 Dec 2008 16:58:37 +0000 http://www.ritholtz.com/blog/?p=13086#comment-134153 Great post DP!! Our government can't run anything which requires a thought process. Becoming the world's largest hedge fund when hedge funds are liquidating their positions due to redemption calls is clearly one example. The U.S. taxpayer will never get their money back and worse; the damage to the government's balance sheets (all of them) through this folly and the fallout which will result will be with us for generations to come. Great post DP!! Our government can’t run anything which requires a thought process. Becoming the world’s largest hedge fund when hedge funds are liquidating their positions due to redemption calls is clearly one example. The U.S. taxpayer will never get their money back and worse; the damage to the government’s balance sheets (all of them) through this folly and the fallout which will result will be with us for generations to come.

]]> By: DP http://www.ritholtz.com/blog/2008/12/the-worlds-largest-hedge-fund/comment-page-1/#comment-134136 DP Wed, 17 Dec 2008 15:08:27 +0000 http://www.ritholtz.com/blog/?p=13086#comment-134136 If the fed is now the world's largest hedge fund, ponder the implications of everyone lamenting lack of transparency with Madoff while the Fed gives the middle finger to Bloomberg's lawsuit seeking transparency. If the fed is now the world’s largest hedge fund, ponder the implications of everyone lamenting lack of transparency with Madoff while the Fed gives the middle finger to Bloomberg’s lawsuit seeking transparency.

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