Former Senator Alan Simpson (co-chair of the Simpson-Bowles commission on debt) says if the U.S. doesn’t cut its debt, the markets will eventually demand higher interest rates and the “little guy” will get the “green weenie”.(green is a curious color choice here to be sure, LOL). But I always appreciate Simpson’s candor.” Here is a direct link.
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Eventually excessive greed bites people in the ass!
Mars FX Hedge Fund Goes Bankrupt.
$600 Million Missing,
Criminal Investigation, and Hedge Funds Want Even Less Oversight???
“…Tutera, 70, who was swindled in the GPB Capital fraud several years ago, has now sworn off hedge funds and private equity. “I’m really fed up with
I think his “green weenie” analogy is bang on ……check the urban dictionary for reference.
We’re getting the big weenie alright, but it ain’t a green one.