Sunday, June 22, 2008

Who's watching over your money: here we go again

As the collapse of once mighty financial system unravels, we again see the unpleasant truth: financial professionals do not have your financial well-being as their primary objective. These two hedge fund managers started moving their money out of their hedge funds while reassuring the investors(I doubt that there were any doctors among them, though) that everything is great.

Lesson learned(or , rather, confirmed): investors should watch out for themselves, without much reliance on "professional" help

And yet another hedge fund manager, this one faking his own suicide to avoid going to jail:

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