Re:Bill Hwang of Archegos Capital lost $20B in two days
by cronix on Wednesday May 12, 2021 @01:42PM
(#27133047)
How about this?
> “This bailout is for the honest, hard-working hedge fund people who should be assured of making money,” said Biden today.
> “We spent trillions of taxpayer’s money to bail out giant financial institutions who finally had their irresponsible business practices come back to bite them, and it’s only fair we do the same in this latest crisis.”
> “So, it’s only fair that these hedge funds, who once again were more irresponsible with money be helped out by the taxpayer without repercussion.”
> Biden revealed that the trillion-dollar package is set to be rolled out in the coming weeks with no demands for greater regulation or change to business practices.
> “This bailout is for the honest, hard-working hedge fund people who should be assured of making money,” said Biden today.
> “We spent trillions of taxpayer’s money to bail out giant financial institutions who finally had their irresponsible business practices come back to bite them, and it’s only fair we do the same in this latest crisis.”
> “So, it’s only fair that these hedge funds, who once again were more irresponsible with money be helped out by the taxpayer without repercussion.”
> Biden revealed that the trillion-dollar package is set to be rolled out in the coming weeks with no demands for greater regulation or change to business practices.
https://www.betootaadvocate.com/world-news/democrats-announc...