US senator ‘concerned’ about hedge funds
US senator ‘concerned’ about hedge funds - Yahoo! News
A top US senator has voiced concerns about the risks posed to investors by the secretive trading activities of hedge funds following the abrupt collapse of the Amaranth Advisors fund.
Congressional concern about the trillion-dollar hedge fund industry has mounted in recent months, particularly over the lack of regulation governing the private capital pools.
There is a key word in that last sentence, private capital pools. Private, as in not public. As in, keep your friggin’ nose out of our business. Why is it the government feels the need to regulate everything? Well, I know why actually, it’s all about power. But why is it that we allow them to do this to us? Are the American people really this stupid, to think that the government sticking its nose into something and regulating it will make it better? When has that ever happened?