| Topic: |
Religions > Atheism |
| User: |
"Yang, AthD h.c, Kicking AWOLs Cocaine Snorting Ass" |
| Date: |
10 Jun 2005 03:45:12 AM |
| Object: |
And This Is Why You Need Social Security |
Governor Bob (Rhymes With Graft) Taft (R, OH) Covered Up $225 Million
Losses For 7 Months.
To put the NeoCon "investment" strategy in perspective, you can put
all $335 million into the lottery, and you'll still do better (or
rather lose less) than MDL co, which, surprise! is a Bush crony
operation.
Idiots like Fred Stone would have you believe that there is free lunch
to be had somewhere out there in junk-bond land. Bzzz, things with
high yields have (duh!) high risks.
Oh and by the way, "hedge" fund has to be one of the most
inappropriately named finanical terms ever. It doesn't "hedge" against
anything, It is intentionally set up to be opague, there is zero or
very little regulatory oversight, and any idiot can start one. Hey, I
have a Nigerian hedge fund I like to sell you!
==================================
http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20050608/NEWS24/50608003
"The bureau hired MDL in 1998 and over time invested $355 million in a
long-bond fund with the firm. For years, the bureau reported that the
MDL fund performed well.
But in September, 2003, the bureau agreed to a suggestion from MDL to
create an “active duration fund,” which would act like a hedge fund.
Mr. Gasper reallocated $100 million from the long-bond fund into the
ADF fund. Later, another $125 million was moved into the hedge fund
for a total of $225 million."
....
“...The $225 million investment had no value at the end of September,”
the memo stated."
================================
-----
Yang
a.a. #28
AthD (h.c.) conferred by the regents of the LCL
a.a. pastor #-273.15, the most frigid church of Celcius nee Kelvin
EAC Econometric Forecast and Sorcery Division
Proudly plonked by Lani Girl and Crazyalec (aka aka Yang's little poltregeist *****)
The Bush 'balanced' budget: 1.6 trillion and worsening
The Bush 'economic' policy: 12 million FEWER jobs than Clinton and counting
The Bush Iraq lie: -1678 GIs, one friend's co-worker's son and mounting
Having Bush ***** up my country: Worthless
.
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