NY Times: In Debate, Hedge Funds Take Some HitsSubmitted by Michael Nystrom on Fri, 10/12/2007 - 10:13
This morning I dialed into the front business page of the NYTimes.com, and what did I see? It was none other than our hero Ron Paul, and a link to a story on the GOP candidates position towards hedge funds. It is a short article, but it does include a small picture. Here are some relevant snips:
Mr. Paul said it represented a “transfer of wealth from the poor and the middle class to the wealthy,” adding that, in the current monetary system, “the money gravitates to the banks and to Wall Street. That’s why you have more billionaires than ever before.”
. . .
Although hedge funds took a few hits Tuesday night, they got a big cheer from Mr. Giuliani, the former mayor of New York City. Asked about the same “hedge-fund bonanza” as Mr. Paul, he was unwavering in his enthusiasm: Mr. Giuliani responded by calling the free market a “wonderful thing,” adding that “the free market is the asset that has allowed us to — the sky’s the limit.”