Quantcast
| |  
Food for the Poor Godspy.com: Faith at the Edge

Advertisement

CATEGORIES:     BOOKSBUSINESSCULTUREFAITHISSUESLIFEMOVIESPOLITICSSCIENCE/TECHSPIRITUALITYTVWORLD
hedge funds | MOST RECENT | POPULAR | BUZZ |

News: Business

Why it’s so hard to keep the financial sector caged

“The US itself looks almost like a giant hedge fund. The profits of financial companies jumped from below 5 per cent of total corporate profits, after tax, in 1982 to 41 per cent in 2007, even though their share of corporate value added only rose from 8 to 16 per cent... A financial sector that generates vast rewards for insiders and repeated crises for hundreds of millions of innocent bystanders is, I would argue, politically unacceptable in the long run. Those who want market-led globalization to prosper will recognize that this is its Achilles heel. Effective action must be taken now, before a still bigger global crisis arrives.” READ MORE >


News: Business

Ironic Speculation: Investment banks seek protection against short-selling

In an effort to slow panic selling, the SEC will try to force hedge funds to disclose their short selling positions. What's ironic is who's cheering the agency on: "Morgan Stanley and Goldman are the only two of the formerly five major Wall Street brokerages standing alone, and that is believed to have made them targets of speculators... Last week Lehman was the subject of a massive sell-off that eroded confidence in its business and sparked a funding crisis that ultimately led to its demise. 'It's very clear to me we're in the midst of a market controlled by fear and rumors, and short sellers are driving our stock down,' Morgan Stanley CEO John Mack said in a memorandum to employees Wednesday. 'You should know that the management committee and I are taking every step possible to stop this irresponsible action in the market.'" READ MORE >


Page 1 of 1 pages


Faith at the Edge Traces