Comments on: Bigger — and more entrenched — hedge funds https://www.overlawyered.com/2011/04/bigger-and-more-entrenched-hedge-funds/ Chronicling the high cost of our legal system Fri, 22 Apr 2011 16:20:47 +0000 hourly 1 By: William Nuesslein https://www.overlawyered.com/2011/04/bigger-and-more-entrenched-hedge-funds/comment-page-1/#comment-118923 Fri, 22 Apr 2011 16:20:47 +0000 http://overlawyered.com/?p=22595#comment-118923 Hearing so many complaints against “too big to fail” and “taxpayer bailouts” I wonder if such are justified at all. I don’t think so. Banks are subject to runs otherwise they would not be banks. Why can’t we as a people cover the risk to some extent. Those poor souls who owned AIG stock saw there $!,400 a share stock drop to $7. I believe it hit 33 cents at one moment. The fat cats, including average-worker’s pension plans, were heavily punished, but the world and our country need some big banks.

The principle cause of the financial meltdown, and our deficit problems was the demographic problem of productive people all trying to save for retirement at the same time, especially in China.

]]>