Gothamist writes: “This was an actual advertisement. Cute, right? Call it "Mr. Hipster Goes To Delaware", or just a case of a regular guy who's tired of being pushed around by the rich and powerful. When Queens resident Nate Thoma gave a 24 minute statement in front of a judge at WaMu's bankruptcy hearing in December, it "changed the course of one of the largest bankruptcies in U.S. history." The Wall Street Journal, who apparently takes photos of subjects with Hipstamatic and will call any smoker with a scruffy beard a "hipster," details how the 33-year-old self-taught trader crawled his way back from losing all of his investment when the bank filed bankruptcy in late 2008, only to see hedge funds play in same strategy to quash smaller investors.
Thoma's shares in WaMu were "wiped out," and he set out to recoup his money. He began buying a type of security in WaMu that would place him closer to the front of the line in the event of a shareholder payout, but saw hedge funds like Appaloosa and Aurelius buy as many as six million units per day….
Read more at:
http://gothamist.com/2011/06/11/hipster_investor_gives_gallant_cour.php
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