Savers vs Speculators

 

“I believe our capital markets face growing risk from lightly or unregulated hedge funds just as our markets did in the 1920s from unregulated pools of money – then called syndicates, trusts or pools. Those unregulated pools were instrumental in delivering the 1929 Crash…. There is growing evidence that today’s pools-hedge funds-have advanced and refined the practice of manipulating and cheating other market participants…”  (SEC Senior Investigator  Gary Aguirre )

 

 

 

The Carry Trade

Wall Street Captures The SEC