How Porsche fleeced hedge funds and roiled the world’s financial markets

Re:How Porsche fleeced hedge funds and roiled the world’s fi... by iigs on Friday October 31, 2008 @05:09PM (#350356)

“They may struggle to sell 911s to hedge-fund managers for years and years to come,” says one investor.

Because they'll all be eating Top Ramen for the next 20 years.

I think it's interesting how many different types of failures of transparency we've seen in the financial markets over the last few years; it seems like the system is so complex that very few people, if anyone, can understand it. Lawmakers are going to be expected to "do something" about the financial system. I'm loathe to think of the typical elected person, often so because of their people skills or personality, debating an issue of this type.

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Re:How Porsche fleeced hedge funds and roiled the world’s fi... by ojbyrne on Friday October 31, 2008 @11:27PM (#350559)

Get real. Hedge fund managers were taking insane salaries out of their companies, in the most extreme case, $3.7 billion (http://www.bloomberg.com/apps/news?pid=20601087&sid=a0Of...). Perhaps now its not the most attractive job niche, but Top Ramen isn't in the picture.

So its important to remember, Porsche wasn't fleecing hedge-fund managers, but hedge-fund clients.

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Re:How Porsche fleeced hedge funds and roiled the world’s fi... by elai on Friday October 31, 2008 @06:06PM (#350404)

I get a feeling that it's complex on purpose and the whole finance world could be simplified greatly. Kind of like many telecom provider's marketing strategies.

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Re:How Porsche fleeced hedge funds and roiled the world’s fi... by nazgulnarsil on Friday October 31, 2008 @07:58PM (#350459)

I used to think this too. but it turns out that maturity transformation (one of the financial worlds main businesses) actually is pretty complex.

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