Sunday 17 December 2017

Why does our Government like vultures so much?

We're very trusting of people who are hoping to benefit from 'blood on the streets', writes Gene Kerrigan

In an economic crisis, a lot of rich people circle distressed companies and economies like vultures
In an economic crisis, a lot of rich people circle distressed companies and economies like vultures
Gene Kerrigan

Gene Kerrigan

What do you know about HedgeCraic? Probably not much. HedgeCraic sounds like the title of a UTV gardening programme in which green-fingered amateurs have "the craic" with celebrity gardeners, while picking up some tips about manure.

In fact, HedgeCraic was a gathering of about a hundred very rich people - representatives of hedge funds. They met at the Shelbourne Hotel and at the Ritz-Carlton for four days in September 2013.

They enjoyed what the event organiser termed "the craic" while discussing how to make money out of the distressed Irish economy. When they had a similar business/pleasure trip to Scotland they termed their booze-up 'BraveHedge'. Wacky guys, eh?

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