Could it be that if banks can't fund hedge funds...

[Random.Capital]

Quote from LeeD:

...and reduce the amount of leverage provided if the value of fund's assets dangerously decline.

At that point it is already too late, not to mention you're actively creating a cliff-diving event that will take the entire market down because everything has become so intertwined**. This has Black Monday written all over it.

**(More accurately, we've temporarily un-forgotten the interdependencies that are always there)

 

[PlusMinus]

Quote from einai:

Speaking as a Canadian who worked for a large investment bank in NYC for years fleecing American state pension funds, I can assure you that Obama is doing the right thing. He is taking away my former colleagues "right" to party irresponsibly with the public's money.

The US is so totally beholden to Wall Street jerkoffs, it blows my mind. Americans used to vote to defend the very policies that we used to clean out their pension funds. A nation of sheep.

Oh what a joke. The government in the guise of liberalism is the biggest fleecer of American wealth. Give us a break. Obama is running to the very last hope he has to regain some iota of credibility with the American voter. Get a clue.

 

[PlusMinus]

Quote from scriabinop23:

I think he may be doing the right thing, but at the very wrong time. First get unemployment to 6% then take the cocaine away.

Go to recovery.gov. Under his watch, he is responsible for 37B of issued funds in 1 year's time. We need jobs stimulus, not policies that prevent bank recapitalization.

Jobs stimulus? WTF is that? Where I come from the ONLY stimulus to private enterprise is TAX cuts. Repatriate the dollar by forgiving taxes on foreign multi-nationals, as Bush successfully did, which in turn increases the value of USD. You stimulate job growth by cutting taxes and ENDING the speculation and fear that all businesses have with regards to future tax policy and anything else that amounts to a defacto tax, i.e., cap and trade, healthcare, etc.