Jeff Merkley actually said...
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.
Context
Merkley argues hedge fund involvement increases systemic risk based on past financial crises.
06/05/2012