For some reason when I blow all my money on "cocaine" and "roulette" no one talks about bailing me out!
“Hedge funds have trillions tied up in this kind of strategy,” he said. “As things spiral, they’re being forced to sell anything they can — even good assets — just to stay afloat . . . if the Federal Reserve doesn’t step in soon, this could turn into a full-blown crisis. It’s that serious.”
One hedge fund manager said: “Those huge hedge funds with trillions of dollars of Treasuries relative value trades will blow up today if the Fed doesn’t bail them out.”