Time – In late 2008, when five top hedge-fund managers testified before Congress at the height of the financial crisis, the result was, by the standards of receptions Wall Streeters and auto executives were getting in Washington at the time, a lovefest. At the hearing, Representative Henry Waxman, a Democrat from California, who had spent the few weeks before grilling other business executives, said, “Our four previous hearings have looked at failure. Today’s hearing has a different focus. The five hedge-fund managers who will testify today have had unimaginable success.”
How the Goldman Case Sheds Light on Hedge Funds
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