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According to my recollection, Alan Greenspan was against demanding more transparency to hedge funds, when LTCM disaster occurred.
1 posted on 09/01/2007 7:38:39 AM PDT by TigerLikesRooster
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To: TigerLikesRooster

An extremely successful acquaintance of mine (in his last position, CEO with scads of options at a now industry leading company when it went pubic) once mentioned in passing that the start of his career was the summer he spend as as blue-collar teenager waiting tables at an upscale East Coast Country club:

“I realized that there are an awful lot of awfully dumb awfully rich people sitting around there, just waiting for someone to tell them what to do with their money”.


14 posted on 09/01/2007 9:23:14 AM PDT by M. Dodge Thomas (Opinion based on research by an eyewear firm, which surveyed 100 members of a speed dating club.)
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