The following is an excerpt from Les Leopold's new book, How to Make a Million Dollars an Hour: Why Hedge Funds Get Away with Siphoning Off America's Wealth (Wiley Books, 2013)What Bill Black has done for banking, Les Leopold does for hedge funds, showing how they create a criminogenic environment. This is a fascinating account of Jim Cramer's confessional and its implications.
And it makes one think what happens when crossing banks with hedge funds is permitted.
Good read.
AlterNet
Making a Million Bucks an Hour: How Hedge Funds Get Away With Siphoning Off America's Wealth
Les Leopold
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