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Old 08-17-2008, 05:40 PM
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Default OT: Michael Phelps

Posted By: Andrew S.

"Goldman Sachs and the top 5 Hedge funds- they work around the clock and always focus on the target."

I heard that hedge funds are failing since the 1st quarter this year. Hasn't more than one manager has committed suicide since the economy started collapsing? Anyone else think the numbers are being cooked?

"Our economy is in the crapper because this country no longer produces anything tangible.
Steel? Nope. Electronics? Hardly. Automobiles? Don't make me laugh."

Agreed. American industry used to be a source of pride and not outsourced or mass exiting to Bangladesh. Notice how the infrastructure here is crumbling and beginning to look 3rd World? They used to mow along the interstates here, but now let the weeds grow 10 feet high. Cheap tar patches cover the freeways. It looks like the highways around Manila. Tax money for highway improvement must be getting siphoned into lawmakers' offshore accounts, and the guy who worked at GM is now working at McDonalds. McDonalds paychecks don't produce enough federal income tax revenue to keep a bridge from falling into the river.

"The only thing we "manufacture" are "financial products."

The Bush model measures success by how many fast food jobs are created in America.

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