Redemption time!

[Tulpen]

http://www.cnbc.com/id/26963194


"Hedge fund managers are facing D-day as investors demand back billions of dollars from ailing and healthy funds alike.
http://media.cnbc.com/j/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/_WALL_STREET/traders_group_lookingup.small.jpg

Funds managers around the world said they are sitting on record levels of cash to meet an expected flood of "I want my money back" notices on Sept. 30 -- the end of another month of horrible industry performance and the deadline for most funds offering monthly and quarterly redemptions."

[Rajiv]

Yet another reason for the immediate, urgent necessity of the $700B bailout! :mad:

[Tulpen]

Yet another reason for the immediate, urgent necessity of the $700B bailout! :mad:
Why? All investment have risks.

If people make big profits they don't complain (except for paying taxes on it) but if they are going to lose big they start to whine and want the government to bail them out. Many of those same folks would be against using government money for things like giving health insurance to poor children because they have "principles" while those same "principles" go out the door when it's their own money that is on the line.

I did not hear them scream that "something needs to be done" for poor children in the USA who have no health insurance.

[Rajiv]

I think my comment was sarcastically intended - even though I am quite angry that the bailout in its current forms is even being contemplated!

My personal feeling is that the system is headed for a collapse - with or without the bailout.

[Tulpen]

I think my comment was sarcastically intended.
:o Oops, I missed that.