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Which hedge funds received bailouts? This insistence on viewing Wall St as a monolithic entity is just asinine. I can assure you the investment bankers at Goldm

• paxys 6y ago
  Hedge funds didn't receive bailouts because they had all shorted the housing market. They instead made large profits while a large chunk of the country lost their jobs and homes. Meanwhile hundreds of banks and other financial institutions did get public funds. The state did not take any ownership, and some of them still haven't paid back billions. The profits generated since then – all directly due to the bailouts – have been private.
  • xadhominemx 6y ago
    The state did take ownership of entities that received direct bailouts - eg AIG, GM, Chrysler
  • bidirectional 6y ago
    2008 was the worst year by far in the history of hedge funds, almost all lost money and hundreds of funds closed. They certainly did not all short the housing market, in fact there's several books and a Hollywood film about the few outsiders who did.
• briankelly 6y ago
  It's pretty incestuous though. Mortgage backed security market got started at the Salomon Brothers before fumbling it to Morgan Stanley before GS ultimately decided when to pull the rug on it all. Citadel might not be a bank but market making is one of it's core functions much like them. Names might change but I bet many of the same players move between these firms.