Sign of the Times, November 16, 2012

    Most Popular
Hostess Brands closing for good  
Wal-Mart workers plan Black Friday walkout  
Fate of paychecks rests on fiscal cliff  
BP to pay record penalty for Gulf oil spill  
Stocks: All eyes on fiscal cliff debate  

      Wal-Mart expands foreign corruption probe
Source: CNN / Money

Republican Moocher. Mooch: to get or take without paying or at another's expense; sponge:What? I don’t care about the workers at Hostess or Walmart but when I invested hedge funds Silver Point Capital and Monarch Alternative Capital they didn’t tell me we’d run out of Twinkies!

twinkies

Deceiving workers is one thing but deceiving investors is another!  As Americans we need to get our priorities straight!

Speaking of Silver Point Capital, kids, this leads us to ….Mocher's Dictionary

Today’s word is:

hedge fund 

noun

An aggressively managed portfolio of investments that uses advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark).

Legally, hedge funds are most often set up as private investment partnerships that are open to a limited number of investors and require a very large initial minimum investment. Investments in hedge funds are illiquid as they often require investors keep their money in the fund for at least one year.

You see a hedge fund by nature is not looking for stability for workers or customers. Why trouble yourself with the details of day to day business when you can make a quick buck or more!

Although many hedge fund activities are now illegal in Europe after the 2008 financial crisis, thank our Creator we’re in America!

Do you remember our old “Fun with Moocher” post?

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