06-27-2008, 03:22 PM | #1 |
Senior Member
Join Date: Jan 2006
Posts: 5,084
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I will step out on the ledge here
Highly leveraged hedge funds are still chasing the oil market. Maybe the price goes to $150-$170, who knows. However, sometime in the next 6 months the price breaks. When it does we will here about some financial problems because of the money these hedge funds have borrowed and how they are getting their asses kicked.
Remember what started this crisis with the prime rate. What broke it. Bear Stearns hedge funds breaking down, then some others I can't remember. They had leveraged and couldn't handle the break down in sub-prime. The SEC is of course asleep at the switch again. |
06-27-2008, 03:24 PM | #2 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
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And then the GOP will work like hell to convince the dems to bail out the hedge funds. The funds and their owners and participants will give political donations out the ying-yang, and all will come together in bipartisan consensus to bail out these people, even though they have caused a worldwide recession and put poor people around the world into hardship.
You heard it here first. |
06-27-2008, 03:29 PM | #3 | |
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Quote:
You think Goldman Sachs where most of these guys come from is a republican stronghold. Do the names Rubin, Corsine, et. al ring a bell. The dems talked about changing tax status for these guys. They control the congress. You really think the change didn't happen because of the republicans? You go ahead and find some of the biggest crooks in the financial world, they aren't all republicans. Does the name Milliken mean anything to you. |
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06-27-2008, 03:32 PM | #4 | |
Demiurge
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06-27-2008, 03:34 PM | #5 | |
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LOL, the repubs will work like hell to convince the dems. That is what you said. Perhaps it will be the dems working like hell to convince the repubs. Let's both agree the repubs and the dems are dirtbags, OK. |
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