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Anorak | Cutting Off The Big Swinging Dicks

Cutting Off The Big Swinging Dicks

by | 23rd, October 2008

Goldman Sachs has been gutted by the extraordinary loss of face in having to axe thousand of jobs, and the hedge funds will be following suit; Bloomberg reports that in a conference in London today, Dr Doom, otherwise known as Nouriel Roubini, has forecast that the fall-out of hedge funds having to dump assets will be so big that governments will be forced to close down financial markets for a week or more to override total systemic panic.

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Posted: 23rd, October 2008 | In: News Comments (4) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink