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When corporations evade the bills for harm, no matter how huge (for medical malpractice, say, or pension fund collapse), the liability is passed on to individuals, and then to taxpayers.
He knows how to conjure a mood of brittle apprehension out of the minor crises of suburban life (will Quint's hedge fund collapse? Will his wife cheat on him?), and the book certainly moves at a clip.
The hedge fund collapse led to the Aug. 5 ouster of the former co-president, Warren J. Spector, 49, who was viewed by analysts as the most likely successor to the chief executive, James E. Cayne, 73.
Mr. Cayne's defenders say that while his year may have been a terrible one — he has described the hedge fund collapse as one of the most painful events in the firm's history — he should be given a chance to right matters.
Probably the most notorious hedge fund collapse was also in Connecticut, when the Federal Reserve in 1998 had to organize a rescue of Long-Term Capital ManaGreenwich Greenwichedgege fund that managed so much money that the government feared that the economy would be harmed if the firm failed.
It's been a year since Amaranth Advisors LLC disintegrated in the biggest hedge fund collapse ever.
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FINANCIAL TIMES Italian Police Raid Former Fund Manager | The Italian police raided the home and office of former hedge fund manager, Alberto Micalizzi, whose fund collapsed during the credit crisis.
But if the fund collapsed, the bank would be left holding the bag.
Meanwhile, tumbling stockmarkets put added strain on precarious capital bases.Eifuku Master Fund, a $300m Japanese hedge fund, collapsed.
School officials say the school shed its stake in a seventh fund, Amaranth, before the fund collapsed in September 2006.
In the fall of 1998, Long-Term Capital Managigantica gigantic hedge fund, collapsed, threatening to paralyze the financial system of the United States.
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