Wednesday, February 25, 2009

Mr. Andrew Lahde on idiots

Mr. Andrew Lahde, founder of Lahde Capital management , a hedge fund that earned 870% in 2007 by shoring the type of mortgaged backed toxic instruments that have left large institutions at the Fed's doorstep tin cup in hand , like all the actors/actresses who just won an Oscar, would like to thank those people that contributed to his successes:-

"Those idiots whose parents paid for prep school, Yale, and then the Harvard MBA, were
there for the taking. These people who were often truly not worthy of the education they
received or supposedly received
rose to the top of companies such as AIG, Bear Sterns and
the Lehman Brothers and all levels of our government. All of this behavior supporting the
aristocracy only ended up making it easier for me to find people stupid enough to take the
other side of my trades.
God bless America."

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