Conflicts of Interest

Did anyone else today get enraged by the fact that two of the largest and most notorious short hedge fund managers were testifying to congress today that leverage should be more heavily regulated, and specifically that it should be taken down in the system?

I’m not opposed to the proper solutions.  I am opposed to the same people who have been shorting the markets for over a year now testifying on advice that can materially impact their positions and strategies.  Particularly if it is broadcasted on television.

Huge gaffe!


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