Monday, May 14, 2007

Laugh of the Day

From FiNTAG:
I asked him what he meant and the answer was he had locked in all his investors, some for 10 years, so that he didn't have to work anymore to fund his extravagent lifestyle - just like the Private Equity boys and girls. If his hedge funds blew up or failed to perform, the exit penalty fees were so huge that he could launch a couple of new funds from the fees.

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