That giant sucking sound…
by ExcommunicatedPagan
Posted on 30 April 2009 | 7:39 am 
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…was money being moved offshore into a Perot family hedge fund.
“Investor sues Perot Family Trust over hedge fund that went from being worth billions to ‘less than zero’ ”
Link here.
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242,005 Comments Since March 2009 
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Poor poor rich people might now have to work for a living.
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I’m sure that Perot has some charts and graphs that can explain all of this
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April 30th, 2009 at 10:13 am
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“It’s a World Class hedge fund. heh heh heh heh .”
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April 30th, 2009 at 10:17 am
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Heh heh heh. Just like W. Do all rich Texans have that goofy laugh?
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April 30th, 2009 at 10:34 am
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It comes from their botoxed wives putting happy pills in the coffeemaker every morning.
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April 30th, 2009 at 10:36 am
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Hopefully we’ll get more details on this story soon.
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Well…I read the article and I still don’t understand. Which is shocking considering my MBA from Wharton.
When did investing money become a sure thing? Why are these guys suing and what do the Perots have to do with it?
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April 30th, 2009 at 10:12 am
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The Hedge fund was created to benefit the Perot family.
They sought out other investors saying that investors could “receive the same advice the Perot family receives.”
$700 million is in defaulted loans.
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April 30th, 2009 at 11:29 am
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Oki doki. I went to Hockaday with Carolyn Perot for my junior year of high school. She seemed nice anyway.
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April 30th, 2009 at 12:13 pm
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You’re a HOCKADAISY?
Oh, Prunella. You never should have told me that!
Crisis in Houston–student at Episcopal High caught swine flu.
My brother called me and said that one of the morning DJ’s said it was devastating news.
“Now every bar in Houston that serves to minors will have to be quarantined.”
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April 30th, 2009 at 12:20 pm
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Only my junior year. I wouldn’t consider myself a Daisy. Damn that school was harder than college tho, I’ll tell you that much.
What’s it got to do with Houston???
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April 30th, 2009 at 12:22 pm
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Also, there’s something else i should never tell you about my Dallas ex in-laws and my daughter’s great-grandmother. Oh well, I’ve begun a name-dropping trend this morning. She was EXTREMELY fond of pink cadillacs.
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April 30th, 2009 at 12:59 pm
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No wonder he kept the Wedgwood!
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April 30th, 2009 at 1:26 pm
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What’s your new moniker at Huffers?
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April 30th, 2009 at 1:39 pm
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snickerGLOAThaha
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Wow. The money couldn’t have been lost in a day. This ocurred over time. Two years apparently. Wern’t they the least bit concerned when say…the first 500 mil went poof?
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while we’re on this topic, there is another giant sucking going down right now in Wall Street — with Insidery after-hours deals to Institutions – and all the brokers and retail traders are getting screwed Big Time!
Biz az yoosh
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April 30th, 2009 at 8:24 am
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I have people here ringing my doorbell to buy stocks and shares, I tell them
ok, if you are paying for them.
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What can I say, I hear it all the time.
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Hah. So much for that mythical populism of 1992. “worth billions”… good lord.
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http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stor ies/DN-perot_30bus.ART.State.Edition1.3aba150.html
Sorry–for some reason, can’t get the link to embed.
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April 30th, 2009 at 8:18 am
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I fixed it. No worries.
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April 30th, 2009 at 8:48 am
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Thanks.
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