An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, September 21, 2016
Another hedge fund a*hole gets exposed as a cheater. Leon Cooperman.
Remember Leon Cooperman? I wrote about that arrogant asshole in a blog post right here, last year. He was whining and saying things like, he didn't want people "crapping" all over what he does for a living, as if he were saving lives or something.
Well, I guess Cooperman's defensive tone was a reflex brought on by a guilty conscience. I say that because today we find out that he Feds are charging him with insider trading.
So here's another of these big, important, hedge fund losers. Big shots, right? They all cheat. None of them can make money legitimately.
It doesn't seem that they do very well making money illegitimately either.
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