Comments on: Obama loves hedge funds

By: Walter Kurtz

Walter Kurtz — Fri, 19 Jun 2009 17:51:23 +0000

Hedge funds and private equity firms did not cause the financial crisis. Many were hurt by it, a few got destroyed.

Citibank was regulated by the Fed, Lehman was regulated by the SEC, and AIG was regulated by the states of NY and CT, the office of Thrift Supervision, and by the UK FSA.

So tell me, how did these regulators do?

We need smart and consistent regulation, not more of it.

http://www.SoberLook.com

By: gd

gd — Thu, 18 Jun 2009 00:09:20 +0000

Why are you guys even bothering to debate this. Obama’s new regulations will never see the light of day. If they do it may be after the next crises very watered down and the regulators will have no power to implement then. Business as usual the US way. The lobbist will see to this!

By: Alex Cohen

Alex Cohen — Wed, 17 Jun 2009 17:45:06 +0000

You analysis is completely wrong — as a hedge fund manager myself I find Obama’s proposals very harsh. http://www.FinAlternatives.com has a good comment on it: http://www.finalternatives.com/node/8258

By: Matthew Goldstein

Matthew Goldstein — Wed, 17 Jun 2009 15:50:03 +0000

Felix, no i’m not. That would have been a bad idea. Just pointing out that hedge funds had less to fear from the administration than some were saying.

By: Felix Salmon

Felix Salmon — Wed, 17 Jun 2009 15:28:52 +0000

Are you implying that forcing hedge funds to publicly report their short positions would have been a good idea?