If you'd run a "where are they now" on all the Enron geniuses, there's a handful in jail but I don't think there are many burger flippers in the remaining cast.
How do you spell "hedge funds"?
E . N . R . O . N
Cheers !
But hedge funds don't CREATE money like Banks do, they just punt it around, and the Bank prime brokerages cream them as they do.
That doesn't mean we haven't reached Peak Credit (and therefore Wall Street is fucked) - in fact it supports the thesis.
And anyway - how many Hedge Funds are on Wall Street ?!! "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
Don't worry, everybody takes its cut. And if they don't, they walk away and start over. And when they loose, to quote the immortal words of George Parr, it's not them who will suffer, it's your pension fund.
