I keep getting forwarded this whinging letter from a Hedge fund manager:
Unafraid In Greenwich Connecticut
Clifford S. Asness
Managing and Founding Principal
AQR Capital Management, LLC
The President has just harshly castigated hedge fund managers for being unwilling to take his administration’s bid for their Chrysler bonds. He called them “speculators” who were “refusing to sacrifice like everyone else” and who wanted “to hold out for the prospect of an unjustified taxpayer-funded bailout.”***
This is America. We have a free enterprise system that has worked spectacularly for us for two hundred plus years. When it fails it fixes itself. Most importantly, it is not an owned lackey of the oval office to be scolded for disobedience by the President.
I haven’t been talking about this much because I’m not up on the ins and outs of bankruptcy laws, but I’m honestly to the point now that if I were driving down the road, and had to swerve to avoid a skunk or a hedge fund manager, I’d choose the skunk. Every time. I’m sick of hearing the bleatings of their overpaid idiot lawyers being repeated as Capital “T” truth when all they are doing is trying to work the refs in public, and I’m sick of reading their whining opinions about how unfair the world is.
Yes, this is America. And we just spent who knows how many trillions of dollars (God knows, because the Fed won’t tell us) propping up the economy because of what you jackasses did with our free enterprise system. I’m sorry that your pursuit for maximum profit didn’t let you force Chrysler into complete and total liquidation, screwing hundreds of thousands of people out of their pension and their health care, ending hundreds of thousands of jobs in the supply chain and dealerships, and dealing our economy another crushing blow that we just can’t tolerate just so you selfish and arrogant pricks could get more than 30 cents on the dollar on YOUR BAD BET.
Seriously. Here is a website (NSFW if you have sound) for you, for Jake DeSantis, and for the rest of you people. I am genuinely sick of your nonsense. If one of you even whispers “fiduciary duty” near me, so help me Allah I will punch you in the damned neck.