While there has been extensive awareness about the prevalence of tax loopholes like transfer pricing schemes like the "Double Irish" and the "Dutch Sandwich," and while there's been plenty of news about corporations like Apple having more untaxed cash than the U.S. Treasury, members of Congress owned by these same corporations turn a blind eye to this hemorrhaging of funds.
But it remains to be seen whether the one-quarter-point rate cut will be enough to stop the hemorrhaging at hedge funds and big brokerage firms and banks that own giant positions in troubled mortgage-backed securities, high-yield bonds and other non-Treasury debt and that have sold short corresponding Treasury securities.
In October 2008, with the global economy hemorrhaging and his hedge fund struggling, Raj Rajaratnam sounded calm during a lunchtime call with a colleague in Singapore.
Bayou's unsecured creditors filed an arbitration contending that Goldman knew for several years that the Connecticut hedge fund was hemorrhaging money even when it was claiming impressive returns.
With the hedges on the trades hemorrhaging money, some of the funds' half-dozen lenders, including Citigroup, became worried and issued margin calls.
The world's biggest banks and hedge funds are now hemorrhaging severely as a result of their overexposure to emerging markets.
Local officials sought to have Maryland, Virginia and the District formally declared a disaster area, making the region eligible for federal funds to help already hemorrhaging budgets recoup the untold millions spent on snow removal.
Now the mayors of America's cities and towns -- hardly radicals -- are desperately seeking federal funds to stop the hemorrhaging of jobs and services, and to maintain the nation's aging infrastructure.
Lottery funds might have forestalled the hemorrhage, he said.
Less well known is what the scientist James Van Allen called the "slaughter of the innocent," the transfusion of space science funding to replace the money hemorrhaging from the shuttle program in the 80's.
