August 1, 2007 (LPAC)--Just in case you were prone to fantasize, as many are wont to do in hard times like ours, Bear Stearns' hedge funds have less chance of being resurrected, than a baby boomer's sex-life.
Late yesterday, according to AP, Bear Stearns filed for bankruptcy protection for its two Cayman Islands hedge funds, Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd., and Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund Ltd.
Who would have thought, with such complicated names, and such high exposure to Alan Greenspan's housing bubble, that these hedge funds would lose all of their value?
Well...we did. And we were right. And now we present you the opportunity, once again, to stop listening to your friends, your broker, your brother-in-law, or any other sucker whose money is probably trapped in a hedge fund right now, and face reality like a human being. It's time to implement LaRouche's solution to the decaying financial system.