Hedge funds

miseeire

It seems the hedge funds are back in business(did they ever go away)and their target is sitting duck,Ireland.Even the "RESPECTED"jp Morgan has its snout in the trough.And yet,we,the gombeen people of the world,helped cushion those vultures as they lay breathless.Should the world have realized a leopard never changes its spots.In less than 10 years,we will have another meltdown because the scum have been saved once and they will expect it again.It is time for an alternative to the financial system as we know it.Do it now before it destroys all of us,not just Ireland.

ei.sdraob

did they go away? some of them made boatloads of money in last year


anyways what's this "alternative" you propose of and why have we heard it all before

Colonel Sanders

yes all of Ireland's troubles are caused by external hedge funds. Nothing at all to do with idiotic government, irresponsible, populist fiscal policies & an incompetent approach to a banking crisis

Dob74

Dont blame external Hedge funds. After raising government expentiure and lowering taxes since 1997, it's just reality catching up with us.

The weak get attacked it's the laws of nature and we are financically weak thanks to over spending and low taxes.

johnnyskeleton

miseeire wrote: »

And yet,we,the gombeen people of the world,helped cushion those vultures as they lay breathless.

How did we help cushion the hedge funds? Most hedge funds were betting against Irish bank shares, and the Irish people and government bought more to compensate. The likes of Quinn and Seanie Fitz literally threw money at the hedge funds in a vain attempt to make them go away. It didn't work. If it did, you wouldn't expect Quinn and Seanie Fitz to give the hedgies back their money, would you? So why should it be the other way around?

Also, hedge funds are by definition risk takers. Without risk takers capitalism doesn't function. So we can have capitalism and hedge funds, or communism and no hedge funds, your choice.

Chops80

Your post is typical of the knee jerk, 'I just read something in the news' ,point the finger at someone, bank bashing, absolute crap I've been seeing lately.

Hedge funds target is Ireland? how so? Sensationalist nonsense.
Ireland has, in the past 10 years become a WORLD centre in the provision of administration services for hedge funds, with almost ALL major European and U.S./other funds choosing Ireland as their domicile. This is policy we've gotten right, we are, as a nation, competing successfully with many other countries for investment in this area and beating them hands down.

This results are >20 thousand people employed directly, thousands more indirectly. Massive flows of funding in to and out of the country. Serious positive international reputation boosts for what is otherwise a dire state of affairs here.

Of course the respected JP Morgan have their snout in the trough, they are one of the largest banks in the world and they employ 500 people in the IFSC to do so.