Hedge Fund Leader Blasts Obama for "Bullying" and "Abuse of Power"

Ironically, at this point, I think a short position is the patriotic thing to do. What do I mean by this

" Find me a hedge fund that has been bailed out. Find me a hedge fund, even a failed one, that has asked for one." xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Surprise, surprise.........Years ago, the FED asked Bear to bailout a hedge fund. Bear refused. The FED remembered and so did the hedge funds. They waited, patiently until Bear needed help. Then they torched the Bear. So put that in your pipe and smoke it.......... http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aYDTeHYnV3ms

" Find me a hedge fund that has been bailed out. Find me a hedge fund, even a failed one, that has asked for one." xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Surprise, surprise.........Years ago, the FED asked Bear to bailout a hedge fund. Bear refused. The FED remembered and so did the hedge funds. They waited, patiently until Bear needed help. Then they torched the Bear. So put that in your pipe and smoke it.......... http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aYDTeHYnV3ms

" Find me a hedge fund that has been bailed out. Find me a hedge fund, even a failed one, that has asked for one." xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Surprise, surprise.........Years ago, the FED asked Bear to bailout a hedge fund. Bear refused. The FED remembered and so did the hedge funds. They waited, patiently until Bear needed help. Then they torched the Bear. So put that in your pipe and smoke it.......... http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aYDTeHYnV3ms

I see more people bashing the Unions. I challenge anyone who wants to buy foreign cars to try and live on $20K a year with no benefits. Don' like labor organizations, try living on Wall Mart wages. I for one don't care if the President kicks out CEO's. Most of us have been kicked by them for a long time. The corporate management has used any excuses they can to hold back pay raises so I support the Pres. and this Obama bashing is just the wrong wing muck racking to hide their own failed policies.

To people saying unions are the problem, wake up. 7% of the private labor force is unionized, they have little power. The decline of unions mirrors the decline of the middle class. Unions aren't perfect and yes there will sometimes be corruption just like every single institution composed of humans. However, unions are the best defense for the rights and interests of middle and lower class workers. The reason that the middle class is taking on the chin while the financial class makes off with all the money is because of the decline in unions. Productivity has doubled wth no increase in real wages. This is why the working class is broke and in debt that they can never hope to repay. If you look at the current state of politics and economics and conclude that the problem is that middle and lower class workers have too much power, you really need to take a second look.

To people saying unions are the problem, wake up. 7% of the private labor force is unionized, they have little power. The decline of unions mirrors the decline of the middle class. Unions aren't perfect and yes there will sometimes be corruption just like every single institution composed of humans. However, unions are the best defense for the rights and interests of middle and lower class workers. The reason that the middle class is taking on the chin while the financial class makes off with all the money is because of the decline in unions. Productivity has doubled wth no increase in real wages. This is why the working class is broke and in debt that they can never hope to repay. If you look at the current state of politics and economics and conclude that the problem is that middle and lower class workers have too much power, you really need to take a second look.

I ended up making $2.16 yesterday playing canasta. I'm thinking of playing again today. I mean, I have $2.16 already, right?

Hmmm. A hedge fund lead blasting someone else for bullying and abuse of power. That's interesting.

BANK OF AMERICA.....Needs "Another"....$$$$ 34- BILLIONS Dollars...To .."Survive"...How Much Longer Can The U.S. Goverment....."SUBSIDIZE" The Banking Industry????? This IS Totally......"ABSURD"....And The Other...."MORON" Of Bernanke Is Saying....That The ECONOMY Is Getting...BETTER!!!!!{Bank Of America's...DAYS ARE COUNTED}..They ARE..."GOING UNDER....BIG TIME!!!! The Sooner The "BETTER"...

astness, if you don't like the country leave. no more favors and free screw jobs for your ilk. if you don't like it, i'm sure you can hire somebody to show you the courthouse and get your money back

I agree with all posters that this is BS. THis is not a normal bankruptcy. 1. The govt is coming in with bailout money and can put in any conditions. 2. Hedge funds may have bought AIG CDS and gaming the system. They WANT chrysler to be bankrupt so they get a roundabout access to bailout money since AIG will have to payout on those defaults. 3. If there were no AIG CDS, then the hedge funds would get much less from the bankruptcy without a govt bailout. So they should stop whining... They make up this nation of whiners and their troubles are just mental. Phil Gramm said so. And dont forget, these hedge funds, banks, chrysler got into this mess without govt. They already took 7B of bailout money that will NOT be returned. So Boo Hoo, cry me a river.

At least Obama is trying to save the economy rather than just start wars we don't need, fight them badly, funnel money into his pet corporations and sit in his hands. You'd rather have John McCain and the same failed "leadership" that got us here? It's only been a few months....to save an entire nation!!??? Give these people a chance. After all, you gave Bush 8 years to mess everything up.

Obama's gotta fix the excesses of the last two decades. Wall Street has been crooked as hell. Ebbers, Madoff - bond rating agencies, SEC failure, CDS markets. Who allowed a CDS to be created? Or to be allowed to write a default swap on any kind of contract by any kind of person? Obama wasn't on the radar while all the kids on Wall Street were mixing up this garbage. If the public expects Wall Street to be trusted to clean itself up you better give your head a shake. Bush should have intervened and taken the reins - he was too busy clearing brush in Texas. Not sure if he'd have understood the problem anyway. I'm behind Obama - my fear is all of the idiot's who want to return to stealing money who want to say he is a dictator. Medicine don't always taste good, but it heals you.

Hedge funds are just wealthy people's way to make sure they make money if the economy goes sour. They really don't care about the nation either way, as long as they make money. It's time for people, yes, even rich people, to care about America first and their leviathan bank accounts, at least second.

Hedge funds based on ever expanding return, similar to exponential growth. Hitherto bank interest has been computed in a linear fashion. Hedge funds will bankrupt entire country if not eliminated.

more like pulling strings... http://www.stewwebb.com/index.html

Obama may go down as the first U.S. dictator. This administration changes the rules every day to suit their purposes (case in point: Chrsyler bankruptcy) and uses every dirty tactic imaginable to silence detractors.

Gypsy Tech, when Obama was done "negotiating" your sweet deal, what did end up with? And, just exactly how were you "kicked" by the CEO? I want to hear that story. And, don't you guys use work stoppages as your leverage to get what you want? $20/hr and NO benefits is also some of the stories you like to spread. I know quite a few people working at Honda that would dispute that allegation. I also think it's kind of funny that you want to blame the "wrong wing" failed policies for the problem ... Obama has essentially continued the policies established under the previous administration. You know, the "wrong wing". The ones that were also "negotiated" by the Congress of the United States admirably led by Sen. Harry Reid (D-NV) and Nancy Pelosi (D-CA)... When is this going to stop?

The hedge fund managers made a mistake investing in Chrysler period. They think they make no mistatkes. They are smarter than all of us and don't make investment mistakes. Let's be honest. Asness is panicing because he screwed up. He played chicken and lost. Hedge funds borrow money from banks, pension funds and mutual funds. He has a problem. At the end of the day, the ONLY lender available is the Government, they have the GOLD they MAKE the rules.