Andrew Lahde’s Parting Cry: Reboot America
10/21/2008From a very memorable good-bye letter written by hedge fund manager Andrew Lahde, who made an 870 percent gain last year and is now quitting Wall Street and the whole merry-go-round: (h/t to Andrew Sullivan) May meritocracy be part of a new form of government, which needs to be established. On the issue of the U.S. Government, I would like to make a modest proposal. First, I point out the obvious flaws, whereby legislation was repeatedly brought forth to Congress over the past eight years, which would have reigned in the predatory lending practices of now mostly defunct institutions. These institutions regularly filled the coffers of both parties in return for voting down all of this legislation designed to protect...