Who are the Greedy Hedge Funds and Wall Street Investors?

@bobmnu (8160)
United States
May 1, 2009 5:51pm CST
President Obama recently referred to the Greed Hedge Fund owners who would not go along with the Chrysler Bail out. Just who are these people and why would they not want to help the country and Chrysler Corp? Do you have a retirement plan and do you sit down every day decide which stock and bonds you are going to buy and sell today? No you have someone who does that for you. Most likely you are invested in mutual funds or you have hired a financial expert to manage your money. What usually happens is you send in your money to a company and they invest it for you based on your telling them your risk tolerance. The more risk you take the greater your return or loss on your investment. Hedge Funds are just such a place except they take more risks and are limited to fewer but wealthier investors. The Hedge Fund Manager has a legal responsibility to the investors to make money bu investing it in things that could produce high returns. Without these people willing to risk their money we would not have the things we have today. Henry Ford did not fund the production of Ford Motor Company all by himself. He talked other people into investing in his idea. in return he gave them a piece of the company. Henry Fords Idea was to make a car that the common person could afford. Until that time only the wealthy had cars. We need the investors otherwise you will not get new products or services. Investors invest to make a profit and will invest again to make more money. Every time they invest it means that some one has to be working to produce something to sell and make a profit. Most investment comes from retirement accounts and small investors. I invested $600.00 in a small publishing company and it is now worth $1,800.OO. (If I sell) If I and other investors had not invested in this company they could not have expanded and hired more people, who are making money because I am making money. This is what made the US great and we need to encourage investing in our future.
1 response
@Adoniah (7515)
• United States
2 May 09
These Greedy people are just ordinary folks who have a brain and do not want to see good money thrown after bad. When you keep throwing billions of money at a problem that is already going down the tubes, there is no incentive to do anything except sit back and wait for more money to be thrown your way. There are not enough people on the oversight committee to keep track of where this money is being spent. When a company decides to go bankrupt, like chrysler is going to they do not have to pay any of it back. Since chrysler is going to go bankrupt why in the world should we give them any more money that they will never have to pay back? This bailout business is just a way to Nationalize everything so that the Gov. gains complete control over everything. I personally do not want the Gov. telling us what to do in every area of our lives. Just like this ethanol thing. It takes more than a gallon of oil to make a gallon of ethanol. Tell me how this is saving the environment and saving oil? Do they really think we are idiots? We are starving the third world countries to waste oil and pollute the air and ruin our injection systems on our cars. WOW are we stupid!!!!! Shalom~Adoniah
@Adoniah (7515)
• United States
2 May 09
That is the way it should be! Shalom