Killing the Golden Goose

In what amounts to a huge amount of irony, the hedge fund mavericks have killed their golden goose. By attacking the Wall Street IB and the weaker financial institutions (small regional banks), they have effectively shut off the flow of blood to their brains-ie cheap financing. These funds have put short term gains ahead of long term plans. Now they are being forced to reduce their positions, take losses and hence be below the high water mark and hence no bonus payments. What a bunch of 2 qtr mgrs. The hedge fund community has cut off their noses to spite their face. Good bye multi million $ penthouses, hello to 2 bedroom apartments in Brooklyn. Wall Street is going to feel the pain for yrs to come.