Saudis backing Osama are bankrolling hedge funds and instructing them to short the market in order destabilize the capital markets in the Western world. The goal is to create an ongoing climate of uncertainty, distrust and nervousness so as to derail consumer/business confidence in the marketplace.
The SEC has decided to investigate the hedge fund industry based on intelligence coming from Homeland Security and the CIA alluding to the abovementioned.
At a minimum, the SEC wants to lift the shroud of secrecy surrounding the hedge fund industry. More disclosure is the goal so as to determine who is funding the industry and what practices are being pursued to meet fund objectives.
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