Types of conspiracies: Conspiracy (civil), an agreement between persons to deceive, mislead, or defraud others of their legal rights or to gain an unfair advantage Conspiracy (criminal), an agreement between persons to break the law in the future, in some cases having committed an act to further that agreement Conspiracy (political), an agreement between persons with the goal of gaining political power or meeting a political objective
Despite the Mortgage Crisis, Hedge Funders Are Still Raking It in
The little guys may be hurting, but fear not for the titans of capital.
You’ve probably been staying up nights worrying about how hedge fund managers are going to weather the credit crunch stemming from the subprime mortgage storm. These men are expected to really suffer since they borrow so heavily to finance their gambling in global financial markets. Many were also stuck with piles of mortgage-backed securities when these paper assets plunged in value. A few funds have already stumbled, and Moody’s credit raters have warned of a 50-50 chance that one of the big ones will crash soon.
For these troubling times, some reassuring thoughts: