What is Going on? Chrysler and more……

There has been a lot going down lately that has me more then a little concerned. First read this piece by Cliff Asness, hedge fund manager. AQR Asset Management. I admire his courage in writing this piece. I am not in complete defense of hedge funds, but I do think this man is speaking a lot of truth. It is ironic as just this evening at a meeting at my old firm, Goldman Sachs, I mentioned to someone the need for concerned investors and citizens to do a skill building session in “community organizing.” That was before I read to the end of the article. Now you have to listen to this interview with a lawyer that is representing the senior bondholders. You have to listen to this. Is this America?

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