Vet67to82 (< 20)

Hedge Fund meltdowns

November 09, 2008 – Comments (1)

 *  I am simply amazed at the hedge fund cry babies.  *  The whole world financial melt down is on them and on the governments that allowed them to operate in secrecy, and the FORCED liquidation that excerbated a bad situation going to worse as their holders wanted OUT. I strongly believe all hedge funds must be ordered to be a publically traded stock, with ALL the reporting requirements, like closed end funds (CEFs), or ETFs. If you do not want people of limited means putting money in, then make the shares expensive like BRK/A and BRK/B, Warren Buffett's Berkshire Hathaway. By making the hedge funds publically traded, investors can place buy and sell orders, so if a holder wants to get out, the hedge funds don't have to liquidate positions to fund exits.
** Further more, hedge funds should NOT be buying, selling, hedging, or speculating in commodites that are needed to feed the global population, or crude, home heating oil, diesel, gasoline, etc ... If you are to trade in those commodities, you should have to show ownership of facilities capable of taking delivery of the commodities to be traded. Everyone without facilities, should be labeled as a speculator. If speculation trading in those basic commodities is to be allowed, it should be strictly limited.