Hedge Funds Tell Obama to Stick It

Discussion in 'Economy' started by Toro, May 7, 2009.

  1. Toro
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    Toro Diamond Member

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    Good for them. Obama has gone over the line. Creditors for Chrysler have every right to fight for their investors. I hope they win.

    Chrysler secured creditor to fight illegal plan | Reuters

    Hedge Funds Outraged At Obama Bullying But Also Cowering In Fear

    The heavy-handedness of the administration and the Democrat Congress is discouraging investment firms from participating in their alphabet soup of programs designed to unfreeze the credit markets for reasons such as this nonsense above.
     
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  2. RodISHI
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    RodISHI Gold Member

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    People will not want to invest their money if this is what the government is going to do to investors.
     
  3. manu1959
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    manu1959 Left Coast Isolationist

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    invest....you act like you will have a choice.....the took your future tax money and gave 15 billion to gm...they promptly posted a 6 billion dollar loss.....now they will fille bk and the government will take the assets as they will argue they are the prime creditor and will tell eveyone else to stick it.....so if you had any money in these hedge funds....and if you have a 401k you do you will watch that fall...

    watch....
     
  4. Iriemon
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    Iriemon VIP Member

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    Damn, I didn't have the $1 million minimum to invest in the hedge fund, but fortunately my 401k has been doing a lot better in recent weeks.
     
  5. manu1959
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    manu1959 Left Coast Isolationist

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    yours could be in there.....i would guess if most people are properly invested in us markets, us bonds, foreign markets and imerging markets you would have seen growth....mine went up 15k in the first quarter.......pity it lost 30% last year.....oh well i have a couple of decades to rebuild.....two decades ago i had zero....
     
  6. RodISHI
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    RodISHI Gold Member

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    I have no idea what my financial future holds. I never invested the stock market, hedge funds or a 401k. I spent my earnings on houses and land, Rod spent his on heavy equipment. We were both wipe out through fraud by WF bank and some other heavy hitters in the mining industry.

    Actually it is not my personal worry at this point in life. I have resolved to be poor for the duration rather than give in to forced into a partnership with corrupt entities. I do have a concern for my grandchildren and their freedoms though. It bothers me that our government is willing to help steal personal freedom via fraud and force on the premises that they are doing what is best for the multitudes. I do not believe stealing from one to give to another is right in any fashion. Bailing out these corrupt, crooked, slimey banks because they are to big to fail was a farce that has awakened many people to the corruption and collusion that has been perpetrated on the American public. The GM bailout is no better. To add to that now it appears that the government is willing to highjack freedom and liberties even more so than they already have.

    I know our net worth, personal property, real property and civil rights meant diddly squat to many out there. Even many on here who have assumed I was merely a whiner. Apparently others will now have that same feeling as we have had. I doubt they will have law enforcement threatening them while it is all going down though. Their homes, vehicles, cuboards, personal household effects and freezer contents are probably safe from being raided, stolen and vandelized. They are just going to lose some cash/paper assets in the deal.

    My future taxes.. That is a laugh and a half. It goes back to the saying I had years ago when I bid and won my first contract. A few years later after getting over being blacklisted I had a man ask me, "Aren't you the least bit scared of these guys?" I told him the same thing I tell you. Nothing from nothing is nothing. I have nothing to lose here. Shoot it is even better now than back then. I no longer have two little mouths to feed.

    I do wish those bond holders the best. I'll tell them what I have heard many times over the last six years, "Good luck".
     
  7. Iriemon
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    Iriemon VIP Member

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    Sorry for your misfortune.

    I'm not so sure I share your sympathies for the bondholders. My guess is they know their bonds would be worth little in a Chrysler liquidation, and are betting that the Govt will not let that happen so they are trying to leverage themselves to get a bigger piece of the bailout as a windfall profit -- even at the cost of American jobs going down.
     
    Last edited: May 8, 2009

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