The death of the investment banks. The ban on short selling. The unrelenting pain for anyone who needs to borrow money. Chaos has descended on Wall Street, and at least one hedge fund manager isn't going to take it anymore.
Cliff Asness, managing partner of AQR, a $30 billion hedge fund firm,..... http://dailybriefing.blogs.fortune.cnn.com/2008/09/22/hedge-fund-guru-strikes-back/
"This is a major realignment on Wall Street and we are going back to the days of the merchant banking of the 1800s," said Bob Ellis, senior vice president of the wealth management group at Celent, a Boston-based financial research and consulting firm. http://www.independent.co.uk/news/business/news/wall-st-capitulation-marks-end-of-an-era-939141.html?service=Print
"This is a major realignment on Wall Street and we are going back to the days of the merchant banking of the 1800s," said Bob Ellis, senior vice president of the wealth management group at Celent, a Boston-based financial research and consulting firm. http://www.independent.co.uk/news/business/news/wall-st-capitulation-marks-end-of-an-era-939141.html
