HowardHedge Fund Calm Before the Storm
Rainy Day Lincoln Ctr, Met Opera
Rainy Day Metropolitan Opera, NYC
This has been a strange week of non-news. Local and Int'l papers seem to salivate over sports events of various sorts. Guess what?? The colapse is so big in the financial world, they can't even talk about it!!!
Let's say all the dirty words. Amaranth Hedge Fund $9 billion gone gone. Thousands have lost their pensions from San Diego Calif, municipal workers, on down the list. Vega hedge fund is winding down to nothing. There's a growing political revulsion against the hedgies and all their little crimes. Behind the scenes, we can hear the cries, "keep the ffffffffnfnnnn press quiet a few more weeks, hey man, I got to get my money out!!""Give me one more shot, baby!"
A sign of the times is the corporate officer who resigned from United Health Group on Sunday, because he back-dated stock options so he could rack up $1.8 billion in personal options holdings. That's a lot of smackers.
As we head into the opera season in New York, we hear the financers, the warmongers moaning behind the scenes, like some pathetic character in Tosca, waiting for his execution. " I had every pleasure I possibly could, I wait for death immovably, All I can say is, I loved ....la vita!!!!" Or "let them eat cake!!"
We hear cries in the US and especially the american tweaking British press for more regulation of hedge funds. But, that merely INCREASES the hysteria, since any re-regulation of hedge funds, means a big hole blown in a notional value of $230 trillion (230,000 billion). OK, get it boys and girls??
