Whose's calling the kettle black - banks or hedge funds?
I have a number of reasons for not being in the market:
- Hedge funds
- Bank's insolvency
- Brokerage insurance
- Excessive debt
I'd have to say fear of hedge funds unwinding, bank insolvency and safety of unvested funds are key reasons I moved my money away from brokers and into a couple different banks. I consider them all a problem and that all give justifiable reason to be concern.
Well, two major players in my fears appear to be distrustful of each other.
That's just a hoot...