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Hedge Funds of the Living Dead
David Marchant
Posted: Sunday, June 17, 2012 6:27 PM
Joined: 9/13/2007
Posts: 414


The New York Times: Four years after the onset of the financial crisis, tens of billions of dollars remain locked up in illiquid "zombie" hedge funds that suspended their redemptions in the darkest days of the meltdown.

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On Correspondent Bank Accounts ... the Achilles Heel of Offshore Banking
Dan Reeves
  If you blinked, you probably missed the news.  On January 29, 2013, a federal judge sitting in New York City authorized the IRS to issue a John Doe summons to UBS AG in Stamford, Connecticut for the correspondent bank records of Wegelin Bank of Switzerland and at least two other Swiss banks that nested their