Thursday, March 13, 2008

Don’t worry we have a “stable” economy!!

Credit squeeze hits three more hedge funds

Another three big hedge funds have been forced to close down or to suspend investor withdrawals as the credit squeeze persists. These are very tough times,” said Angelos Metaxa, a director of CM Advisors, a Geneva-based fund of hedge funds. “Anyone with significant amounts of leverage is going to be in trouble.”

Posted by who stole my pension? @ 06:16 AM (2080 views)
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4 thoughts on “Don’t worry we have a “stable” economy!!

  • Carlyle’s gone

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  • japanese uncle says:

    I have no sympahty for these vampires. All I ask of them is to go without making too big a mess, without spluttering its toxic guts and blood quite like the film ‘Alien’.

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  • Bit of luck it will wipe out the finance industry in the tax haven channel islands.

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  • good riddance, parasites the lot of them.

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