Sucks to be Cerberus

Oopsies! Steven Feinberg:  Oh my gosh, honey, are you awake? Mrs. Feinberg:  Yes, what is it, Dear?  You sounded like you were having a nightmare… Steven Feinberg:  Yeah, it was weird…I dreamt that my private equity firm owned both GMAC and Chrysler!  It was horrible! Mrs. Feinberg:  Well…umm…ok, go back to sleep, hon.  Everything will…

Hedgies Still Hearing "Redemption Song"

[youtube=http://www.youtube.com/watch?v=VaRXuJ0eTDo] “Redemption Calls“, sung to the tune of Bob Marley‘s Redemption Song. Old clients, yes they call I ask me for the NAV. Minutes after I sold stock, into a bottomless pit. But my fund was made strong by the black box it was built on. We trade in this generation, leveraged to the gills….