Paul Singer, one of the largest hedge fund managers in the world, sees a slippery slope for the economy and the financial services industry if issues are not properly addressed by government. Among his key concerns is the deterioration of the rule of law, according to a letter to investors, which was first reported by ValueWalk this morning. VW has obtained Elliott 2013 letter (story to follow); Paul Singer not a bitcoin fan pic.twitter.com/tWcP2WQZbc — ValueWalk.com (@valuewalk) January 28, 2014 In a wide-ranging letter, the outspoken hedge fund manager, coming off a highly visible speech in Davos, Switzerland to the…
On This Page
- Paul Singer: Financial lawlessness is a slippery slope leading to corruption
- “Tolerance for leaders who abuse or selectively enforce the rule of law is the road to ruin"
- When investors know the game is rigged, asset flows dry up
- Banks used to make loans - now they are overleveraged hedge funds
- Proper risk disclosure not in place
- Impose margin requirements
- Volcker Rule creates false sense of security
- The big financial institutions need not only to be sound – they need to be unquestionably sound
- Bitcoin ruin
- Yellen isn't the solution
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