Wednesday, September 5, 2007

Hedge Fund Managers March on Washington

Demanding further intervention from the Federal Reserve to protect their endangered fortunes, thousands of the nation’s leading hedge-fund managers marched on Washington today.

...Chanting “No rate cut, no peace!” the furious money managers were pepper-sprayed by police as their protest threatened to take a violent turn.

Tracy Klujian, a hedge-fund manager from Greenwich, Conn., said that simmering anger in the hedge-fund community was “a powder keg” waiting to explode. “We have yet to see the ripple effects of this crisis,” Klujian said.... More from Newsweek