During a panel at the Milken Institute’s Global Conference in Beverly Hills this afternoon, our favorite midwestern hedge fund manager let down his guard and finally let us in. Apparently considering the event a safe place to let it all out, Griffin shared his hopes (turning in a 750% return for ’09)* and fears with the audience, which include but are in no way limited to a li’l fella named T. Geith and spiders.
“The role of government in the United States, one of the great free markets in the world, has become frightening,” Griffin said today during a panel discussion at the Milken Institute Global Conference in Beverly Hills, California.
“We cannot fuel constructive policy by pandering to anger,” Griffin said at today’s conference. “This is a disaster that everyone in our economy participated in creating. I’m not trying to take Wall Street and the banking system off the hook, but we need to find a way to move past this crisis.”
Citadel’s Griffin Calls Role of U.S. Government ‘Frightening’ [Bloomberg]
*He didn’t actually verbalize this desire but I’m feeling very close to him right now and am confident it’s on the list.
Ah yes file this under “be careful what you vote for, er…wish for …you might just get it”
Is it bad that every time I hear a bell or a car horn, I punch myself square in the balls?
@1- eh, pretty sure Ken Griffin would still rather have Obama than a senile old man/idiot cunt in office.
@2- no, but it’s bad that you feel the need to share your dumb joke with us.
“…but I note that he did manage to convince the Huffington Post of its merits.” – van Praag
That’s pretty good.
http://www2.goldmansachs.com/ideas/public-policy/letter-gs-wheeze-was-a-requirement.html
Judge Napolitano on with Neal Cavuto is saying his sources are telling him that the stress tests are different for each bank? “So if the government wants you to fail for whatever reason they will simply raise the bar.” He intimated that he had spoken to a lot of the bank CEO’s who are troubled by this.
@3 – How progressive of you.
@6- Fox Business? Thanks but no thanks.
@4 – How very understanding of you sir to chide this gentleman for having what is clearly a severe mental disability.
tsk tsk
Fox regular cable news.
link to bloomberg article doesn’t work
You mean that the gov’t is going to put some sort of restrictions on me if I allow them to guarantee my debt, borrow against toxic assets, and issue them my deeply subordinated securities which yield below market rates?
That’s not fair at all.
New York (Dow Jones)–While the nation might be “in an ugly state at the
moment,” President Barack Obama and his aides may be trying to solve too many
problems at once, said Rupert Murdoch, chairman and CEO of News Corp. (NWS,
NWSA).
Murdoch made his comments at the Milken Global Institute Conference, where he
was speaking on a panel discussion of the government’s new relationship with
businesses.
News Corp. owns Dow Jones, which publishes this newswire and The Wall Street
Journal.
While people “tend to panic and think everything must be fixed at once,”
Murdoch said, often times, “a lot of things will fix themselves if” left alone.
Many of the president’s economic measures are introducing permanent programs
without much thought, he said. There is much “hyper-activity” going on right
now, said Murdoch.
and the role of a HF losing 50% of investor’s money is not frightening?
Kenny G sucks big time
@14- “and the role of a HF losing 50% of investor’s money is not frightening?”
did you really have to go and bring that up? (btw it’s 55%)
It cracks me up to hear hedge fund and investment banker folk state, “We know things are fucked and we were part of it, but can’t we just get over it and move on?”
That’s like saying, “I know we cost you your job and your home and your life savings and retirement, but can’t we just get past that?”
would less gov’t intervention help him get back to the high water mark in less than 3 years?
No, not everyone participated. Some of us were just along for the ride.
@14 if you aren’t an investor in his fund, shut your yak.
h9bGNs Looking forward to reading more. Great article.Really looking forward to read more. Will read on…
Thank you ever so for you blog.Thanks Again. Want more.
Thanks again for the blog.Really looking forward to read more. Want more.
This is one awesome post.Thanks Again. Want more.