but maybe at least we can save the hedge funds:
Some the world’s richest hedge fund managers conceded on Thursday that their secretive investment industry would have to disclose more information to satisfy financial regulators.
In a rare appearance before lawmakers on Thursday, George Soros, James Simons, John Paulson, Philip Falcone and Kenneth Griffin were quizzed about the $1.7 trillion industry’s use of borrowed money, the taxes they pay and their desire to keep their investments secret.
h/t Dan Are
I mean, it’s not as though anyone has the money to finance your election campaigns anymore, is it?
My very first h/t ever!!
I’m kvelling so hard I may need to wipe my arse!!!
Where’s economic supermind ne plus ultra macro/micro master of the universe, thor, to explain all this to us rubes?
>In a rare appearance before lawmakers on Thursday, George Soros, James Simons, John Paulson, Philip Falcone and Kenneth Griffin
You fell short of explaining that this is rare because usually the lawmakers are before _them_, genuflecting.
Dude, when their heads bob back and forth like that, they’re NOT genuflecting.
But they are on their knees…..