Have you heard the latest? John Meriwether is setting up a new hedge fund.

Just who is John Meriwether, you ask?

Why he is a noted hedge fund manager, he:

• Established Long term Capital Management
• Which imploded in 1999, threatening to take down the entire financial system, until Alan “Bubbles” Greenspan used the Federal Reserve to bail his ass out.
• Established JWM Partners.
• Which he closed 3 months ago after losing 44% of his investors’ money.

So, after all that, he’s STILL in line to get to play with billions of dollars of other people’s money, and skim 2% of the principal, and 20% of any profits (HAH!!!) that he might earn.

Will no one rid us of these parasites?

I’m not suggesting murder, but I am saying that if I was on a jury, I would vote to acquit.