Dave Mendoza's Blog – October 2008 Archive (4)

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* Originally featured on… Continue

Added by Dave Mendoza on October 27, 2008 at 11:00pm — No Comments

Words to the Wise: Hedge Fund Trader Writes Farewell as "So Long Suckers!"

Makes you think in many different directions .... some pleasant many not:



"So long, suckers." Millionaire hedge fund boss thanks 'idiot' traders and retires at 37



The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged "idiots" and thanking "stupid" traders for making him rich.



Andrew Lahde's $80m Los Angeles-based firm Lahde Capital Management in Los Angeles made a huge… Continue

Added by Dave Mendoza on October 21, 2008 at 3:55pm — 1 Comment

Europe Falls into the Financial Abyss

This Article I read puts this week's headlines in perspective



By Ambrose Evans-Pritchard

Last Updated: 11:05AM BST 06 Oct 2008



We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.



Star-crossed bankers: The European Central Bank played a shockingly destructive… Continue

Added by Dave Mendoza on October 6, 2008 at 10:30am — No Comments

SubPrime Crisis: Congressman Barney Frank Gets Shamed

Added by Dave Mendoza on October 3, 2008 at 10:08am — No Comments

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