Hedge Fund Manager Says 'Regulate Me!'
Sure, Geithner and Barney Frank are idiots, and regulators are by nature "slow moving," but one hedge funder, who works at an "already registered" fund, says it would be a mistake to fight inevitable regulations, arguing that regulators can't stop top talent from making huge money, and hedge funds don't have anything to hide anyway.
Look, it's not hedge funds' fault that the global economy collapsed. It's the fault of investment banks posing as hedge funds, like Goldman Sachs, which is really just another branch of the United States Treasury Department anyway. Unlike real hedge funds, who make everybody rich, these "fund-to-fund" scoundrels "took so much fat off the bone that the cow started to limp." Thain handed out bonuses early to his buddies. Greenberg got out at the right time. Bush abolished the uptick rule and the Glass-Steagall Act. But now it's hedge funds who are getting chased by hysterical, misinformed politicians who are acting like a "vigilante group outside of Sheriff's door."
Yet, there's no reason to avoid regulations. There may be some more costs involved, and regulators will probably get hedge funds confused with private equity firms. Hey, it's gonna happen. Look, rules are a good thing. Detroit didn't want seat belts, either. You think regulations, like putting limits on the percentage of stocks you can short, will foil the Madoffs of the world? Please! Madoff was handed to the government years ago and they looked the other way. Besides, every senator seeking reelection embarks on a "hedge fund circuit." You think they're going to screw that up?
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
A NASA astronomer explains how astronauts dispose of their, uh, dark matter.
- When nature calls in micro-gravity, astronauts must answer. Space agencies have developed suction-based toilets – with a camera built in to ensure all the waste is contained before "flushing".
- Yes, there have been floaters in space. The early days of space exploration were a learning curve!
- Amazingly, you don't need gravity to digest food. Peristalsis, the process by which your throat and intestines squeeze themselves, actually moves food and water through your digestive system without gravity at all.
She met mere mortals with and without the Vatican's approval.
- For centuries, the Virgin Mary has appeared to the faithful, requesting devotion and promising comfort.
- These maps show the geography of Marian apparitions – the handful approved by the Vatican, and many others.
- Historically, Europe is where most apparitions have been reported, but the U.S. is pretty fertile ground too.
A growing body of research shows promising signs that the keto diet might be able to improve mental health.
- The keto diet is known to be an effective tool for weight loss, however its effects on mental health remain largely unclear.
- Recent studies suggests that the keto diet might be an effective tool for treating depression, and clearing up so-called "brain fog," though scientists caution more research is necessary before it can be recommended as a treatment.
- Any experiments with the keto diet are best done in conjunction with a doctor, considering some people face problems when transitioning to the low-carb diet.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.