Hedge Funds May Pose a Risk to US Economy

Kevin G. Hall and Robert A. Rankin report for McClatchy Newspapers: "Wild mood swings on Wall Street are nothing new, but the recent quaking in financial markets has a worrisome new wrinkle: It's being driven more by what isn't known than by what is. That's because a huge share of the money that's flowing through US financial markets is being invested by giant 'hedge funds' that aren't subject to much regulation. No one really knows what they own. And there's a chance that some of what they own is worthless."

//www.truthout.org/docs_2006/080907I.shtml



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