Sunday, June 25, 2006

Hedge Funds and the SEC

In a letter to Chuck Hagel, the Chairman of the Senate Committee on Securities and Investment, the writer, describes what he views as the growing risk to capital markets of lightly or unregulated hedge funds.

He draws comparisons with the unregulated pools of money in the 1920's-then called syndicates, trusts, or pools that were instrumental in the 1929 Great Crash.

A fascinating, if not scary read.



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