> RoMunn wrote: > OK, so clear up my understanding, then. > > Hedge funds are more regulated than banks? >
So here's a detailed answer: what's the difference between the two? See 2 Clinton-signed bills paved the way for this crisis by dismantling the wall between financial services firms and allowing the creation of these crazy unregulated derivatives. Did you note the wording there? "unregulated derivitives" Note that I didn't say "unregulated hedge funds". See, again, the 20th century narratives and talking points - gov't bad! biz good! - no longer work. Why? As I've said, just like banks & hedge funds, there's no difference. That means AIG can also be a hedge fund. BoA can underwrite public offerings. Thus saying "banks bad, HF good!" is like saying your left arm is the bad arm and not responsible for the murder. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:293262 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
