[e-gold-list] Re: Hedge Funds

[AnyGoldNow]

http://today.reuters.com/news/articleinvesting.aspx?type=fundsFundsNews&storyID=2007-05-02T153956Z_01_N02333450_RTRIDST_0_USA-FED-HEDGEFUNDS-UPDATE-1.XML

> "Hedge funds may now pose the biggest risk of a crisis since 1998,
> when the implosion of Long-Term Capital Management threatened the
> global financial system, the New York Federal Reserve said on Wednesday."

Hedge Funds, says the FED ?!?!?

That's PEANUTS!!

What about the BANKS?
(those that OWN the FED particular)

"The market for derivatives, that is probably the largest in the world
and is in excess of $100 trillion. Derivatives allow banks and other entities to
package their risk and spin it off to third parties. The fact that the amount is
so staggering, the industry is unregulated, and very few people actually
understand what a derivative is tells me that we have a disaster in the making.
Once prices start to fall, you won’t be able to cover fast enough and the people
on the other side of these derivatives (think Caribbean Money Centers and Enron)
will simply disappear. After all, how many people have $100 trillion dollars
lying around?"

(from Le Metropole Café)

> Good thing those government regulators have their eye on the
> ball -- after all, they did SO well with LTCM!
> </sarcasm>
> JMR

Regards,

Patrick,
http://AnyGoldNow.com
THE Exchange Provider 
Any Gold, Any time, Anywhere


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