From a common citizen's point of view, when they look at the fate of Long-Term Capital Management, MF Global, AIG, Lehman Brothers, Merrill Lynch, and a host of institutions that survived only because we bailed them out, I think the case is fairly clear that if you are in the hedge fund business, you increase systemic risk.
On the recordJune 5, 2012
Source
congress.govEditor's note · Context
Merkley argues hedge fund involvement increases systemic risk based on past financial crises.
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