Always Hurt By The Ones You Love

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Mar 20, 2009

Ok manager boy. If you gave your Scroll and Key buddies a wink and a nod so they could sneak their redemptions out before the freezes, well, you are in a world of hurt and some people are going to want to talk to you. Hell, with the present mood of the public, you may well get yourself 20 years.

A surge in redemption suspensions and liquidations in the past year has created "particular concern as to whether hedge- fund advisers may be favoring their own interests above others," Walter said today in prepared testimony to the House Financial Services Committee. "Principals, employees or favored investors of the hedge-fund adviser may have received 'preferential redemptions' from the fund at issue."

SEC Hunts for 'Preferential' Hedge-Fund Redemptions [Bloomberg]

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Several weeks back, Michael Douglas appeared in public service announcement shot by the FBI, in which he tells people that while they may have been taken by his character in Wall Street, that it's important to remember that that was just a movie and in real life, insider trading is wrong. Next up among actors who think roles they portrayed on the big screen contributed to the financial crisis is Richard Gere. Glamorizing being a corporate raider who made enough money to buy a hooker is his personal cross to bear. It was the modern-day fairytale that captivated hundreds of millions of film fans the world over. But it seems Pretty Woman holds nothing but regrets for its leading man, Richard Gere. While promoting his new financial thriller Arbitrage recently, the 62-year-old shared his scorn for the feelgood 1990 chick flick, telling Woman’s Day, “It’s my least favourite thing.” Richard adds, “People ask me about that movie, but I’ve forgotten it. That was a silly romantic comedy. This is a much more serious movie that has some real cause and effect.” Incredibly, the grumpy star also claims his Pretty Womancharacter Edward Lewis helped contribute to the global financial crisis, as he glorified greedy and selfish Wall Street types. “It made those guys seem dashing, which was so wrong,” Richard explains. Related, what's it gonna take to smoke Vin Diesel out of his hole? It's pretty obvious it was around the time his turn as senior broker in Boiler Room premiered that Dick Fuld ramped up the shit on Lehman Brothers balance sheet that ultimately took the firm down. Richard Gere: Pretty Woman Was Rubbish [WD via Dealbook]

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