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2impendingdoom ago

as far as I can tell, hedge funds work like ponzi schemes where the broker gets rich on guaranteed fees and the investors get a "tax break"

AngB23 ago

Exactly. And does the US not have any laws that a President, Sec of State or Govt official OWN a Hedge Fund company and work for Gov? Too many opportunities for insider trading on large Gov contracts like...Lockheed Martin. Which was in Clinton Group Inc investment portfolio.

It's worse than big money donor lobbyists. If you sway contracts to certain companies, it's basically getting paid on the back end from buying/selling their stock.

Dressage2 ago

The Senators have been doing insider trading for years and nothing happens to them. They are allowed to do it.

AngB23 ago

But if anyone is dealing with Government contracts, like with Lockheed, and make money on the back end, it should not be legal if it is. Actually, the Senators and inside trading should be illegal as well. I feel like our entire Gov system needs to be completely scrapped and started over. Term limits needed, fund raising orgs severely regulated, lobbyists booted-it's all a get rich scam

Dressage2 ago

I so agree! This is so illegal, but that's the way business is done inside the beltway. That's why we need to drain the swamp on all this shit.