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Cabinet members who got into the Hedge Fund business


-Richard Breeden, former chairman of the Securities and Exchange Commission, is now a hedge-fund manager.

-Former Secretary of State Madeleine Albright (Clinton Administration) started an emerging-markets hedge fund called- Albright Capital Management. Albright has no prior investing experience.

-Former Treasury Secretary Lawrence Summers (Clinton Administration) took a job as managing director at the private-equity firm D.E. Shaw.

-Former Treasury Secretary John Snow (Bush Administration) was appointed chairman at the hedge-fund/private-equity firm, Cerberus Capital.

-Former Vice President Dan Quale (Bush Sr.) also took a job with Cerberus Capital.

-Former Secretary of State Henry Kissinger is said to have a roll advising hedge funds "on how geopolitical events affect their investments."

There's no doubt about it, we are seeing capitalism at its finest. Famed hedge fund manager, George Soros said that “hedge funds are the market now.” He also said that "the heavy use of debt to leverage up financial transactions could prove damaging when and if the economy stumbles."

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