October 2, 2008

A Capital Management Firm for the U.S. Corporate State

"Strategery is a unique hedge fund.

"It is the largest in the world, with expected initial capital of $700 billion. It has a free and unlimited credit line should it need more. It has no fixed mandate, though it is expected to initially focus on mortgage-backed securities. And it is the only fund backed by the full faith and credit of the U.S. Government."

Very funny. Thanks to Brent Mattis for the link.

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