The Clock is Ticking

It has happened in a record way. A hedge fund has raised $2 billion from every day investors. Yep, I have said it a million times, once the hedge fund pirates find a way to tap into the average investors pockets the party is over.

What did Marshall Wace do exactly? Well they created a company that does absolutely nothing. Raised $2 Billion (1.5 Billion Euros) from average stock investors through a public offering, took 1% for themselves for the party, then doled out all the money to their own hedge funds.

What do their own hedge funds do? Who cares. They beat the market last year so that is all that matters right?

Read it here: http://www.bloomberg.com/apps/news?pid=20601087&sid=aAa0mAF57TTs&refer=home#

At about the same time a company called Citadel Investment Group LLC, a Chicago-based hedge fund controlled by Kenneth Griffin, sold $500 million of five-year notes in the first-ever sale of bonds by a hedge fund.

Did you read that last part, yea, the first-ever sale of bonds by a hedge fund. Can you guess who bought those bonds?

I hope you don't have a pension fund with money in the global pyramid scheme called "hedge funds" because the clock is ticking and when the music stops there are going to be some people with nowhere to put their ass.

Then of course the US government will "hold hearings" on what happened. Of course no person will be fired at the SEC, they will likely get an officer from Morgan Stanley to "fix the mess" cause the thousand or so attorneys they have working there are complete worthless idiots who could not find their way out of a monopoly game.