The View From 1776
Saturday, August 27, 2011
A Provocative Thesis
Jeff Lukens speculates about the role of hedge fund managers in the 2008 presidential election and in the upcoming 2012 election.
Did Hedge Funds Throw the 2008 Election?
By Jeff Lukens
Hedge fund traders had a great year in 2008. That year, hedge fund short sellers were instrumental in the spike in fuel prices, the bankruptcy of Lehman Brothers, the banking crisis, and the stock market collapse. While extremely wealthy hedge fund traders engineered each of these calamities, and made billions of more dollars short selling each one, the American people collectively lost trillions of dollars in the value of their homes and savings.
And, as amazing as it is, no one went to jail. Why? Well, perhaps it is because in 2007 the perpetrators had some laws changed to their liking. And perhaps it is because these people are politically connected to the Obama Administration and Congressional liberals. Our government is protecting them, and there needs to be a public investigation into this matter.
The hedge fund short sellers who were at the root of the mayhem are found primarily at the Managed Funds Association (MFA), the so-called