‘Now this is rich’

See Robert Wenzel:

Insane Insana: Ron Insana’s Vicious Attack on Ron Paul

Now this is rich.

Ron Insana a failed hedge fund manager just went on CNBC to diss Ron Paul’s investment strategy.

Follow along here.

In March 2006, Insana left CNBC to start Insana Capital Partners, a money management firm that would manage a fund of funds. He closed the firm in less than two years. His return to investors who put money with him was negative 5% .

What is particularly noteworthy about Insana closing shop is that he charged a 1.5 percent management fees and would have taken 20 percent of all profits, if there were any. As NYT put it at the time:

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12:33 pm on June 15, 2010