What's so insidious about the Fed's bailouts of investors in hedge funds, stocks, bonds, leveraged loans, and other often risky assets in a crisis? The destruction of capitalism.
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries.