We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore LappĆ©, excerpt from Time for Progressives to Grow Up

Thursday, May 12, 2011

7 Ways Hedge Funds Lie, Cheat and Steal

Click here to access article by Les Leopold from AlterNet.

If you are interested in the various ways hedge funds are used by major sociopaths to get ever richer, this is an article for you. 

In contrast to most Wall Street scams, the hedge fund boys may risk the ire of enough powerful people among the capitalist elites to actually see prison time--you know, like Bernie Madoff who went about screwing other rich people. Although hedge fund scams rob from everyone, the rich players are most directly affected.

I like the author's final statement:
It’s not enough to get tougher sheriffs to stop the cheating. We’ll need to wipe out the entire casino if we want to get out of Dodge alive.  
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