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SEC actions on hedge funds too late too little
Kirsten Henson
Sep. 21, 2006
The hedge funds that pushed oil to eighties and made copper price go up by 500% are now in a total blood bath . SEC scrutiny of the same is too late and too little. SEC actions on hedgefunds may not make any bdifference at this stage.
US court federal court earlier this year overturned an SEC rule forcing hedge fund advisers to register with the agency. That was wrong and the hedge funds stayed virtually unregulated gambling with public money instead of hedging investments.
Amaranth Advisors, a hedge-fund manager that lost over $6bn in the past month on natural gas bets made the SEC first concerned. But silently low scale "Amarnath" type losses are happening more that bfifty every day. The unknown caswualties do not even know they lost their savings.
Hedge funds have sold their investment portfolio to middleclass in America and unsphisticated investors learnt to trust Hedge Fund managers who can multiply their money in short term.
BIZ/FINANCE ARTICLES
SEC actions on hedge funds too late too little
Kirsten Henson
The hedge funds that pushed oil to eighties and made copper price go up by 500% are now in a total blood bath . SEC scrutiny of the same is too late and too little. SEC actions on hedgefunds may not make any bdifference at this stage.
READ MORE>>
Stocks declined Tuesday after a weak housing report outweighed data showing inflation remains relatively tame
Media Release
The producer price index fell 0.4% but the real nasty news came from housing starts that slumped 6% on top already collapse that btook place earlier in the year.
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US Federal Reserve must lower the interest rates rapidly now to halt free falling US economy from a total catastrophic collapse
Sam Adelton
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The bubbles in India, China and price pattern in Gold and oil forecast worldwide depression with relatively high commodity inflation
Paula Harris
It is time for Federal Reserve in US to preempt fast and decisively now. They should not do what they did in 1987. They should lower the rates after the big stock market crash. It will be too late this time. It is time for them to act now.
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10000 more at Ford to become unemployed as Ford heads towards bankruptcy
Media Release
No. 2 automaker to hasten and expand plant closings, trim a third of white-collar jobs and suspend dividend; still, stock tumbles as expected rebound to profitability delayed.
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Soaring global oil prices sent the U.S. trade deficit to an all-time high
Media Release
Soaring global oil prices sent the U.S. trade deficit to an all-time high, and Democrats hoping to take control of Congress said the figures showed Republican policies have failed.
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HP chair Dunn to leave post after spy scandal
Grace Wong - CNNMoney.com staff writer
Hewlett-Packard announced a shakeup of its board Tuesday in the wake of its controversial leak investigation, but the company's problems are far from behind it.
READ MORE>>
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