Your Next Worry? The Suicide of Capitalism

Late last month, the U.S. Court of Appeals struck down a new rule by the Securities and Exchange Commission requiring mandatory registration with the SEC for most hedge funds. This may not strike you as the end of the world, but that’s because you’ve either forgotten what a hedge fund is or how much trouble they can get us into.

These investment pools for rich folks are now a $1.2 trillion industry (known to insiders, I am pleased to report, as “the hedge fund community”).

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