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Written by José D. Roncal
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Friday, 20 March 2009 05:24 |
After years of side-stepping oversight and regulation, the hedge fund industry is about to change. Even though it's not clear what role hedge funds played in the current economic crisis, the lackluster returns and lack of transparency have stacked the cards against the industry. Then there are the scandals surrounding AIG's questionable business decisions, which included making hedge fund bets against the housing market—news that may amount to one more nail in the coffin.
For years, there's been a hew and cry for more regulation and transparency for hedge funds. But hedge fund managers have held their ground, even when the SEC put forth a proposal that would have required the funds to register with the agency and be subjected to close scrutiny. But a federal court decided that the SEC didn't have the authority to impose such rules.
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Written by José D. Roncal
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Monday, 16 March 2009 14:09 |
The current financial crisis has changed our perceptions of the term capitalism and everything we have always assumed it stood for. The deeper the recession gets, the longer it drags on, the more anger will get directed towards Wall Street.
The intellectual impact of the economic meltdown has been so enormous the financial systems will be changed beyond recognition. The investment banks, those that were formerly the foundation of Wall Street, have already either folded or merged into the ranks of retail banks. For the middle-income families who face losing their homes and their jobs, and for the Wall Street firms that have been falling like dominoes, the economic crisis has been disastrous. Even high-profile investors like Warren Buffett describe it as having “fallen off a cliff”.
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Written by José D. Roncal
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Wednesday, 04 March 2009 20:58 |
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Back in September, 2008 we covered a topic that we believed was getting too little attention by mainstream media: the looming credit card crisis. In both our white paper,Consumer Debt in the U.S, and in our article,Get Ready for Another Crisis: The Coming Credit Card Debt Meltdown, we gave our readers a full report on what we saw as another economic catastrophe in the making. |
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