http://marketfolly.disqus.com/Updates on what top hedge funds have been buying and selling. SEC Filings, hedge fund letters, investment conferences and more.enFri, 05 Dec 2008 18:38:04 -0000http://www.marketfolly.com/2008/11/bill-ackmans-pershing-square-recent.html#comment-4215606<p>There is a critical matter about all these rescues ... bailouts ... recapitilizations ... reorganizations ... whatever ... everyone seems to be missing. With the balance sheet of the lender of last resort moving closer to being "all in" (I personally believe Mr. Ackman overstates the voracity of the Treasury's power to generate tax revenues -- the parabolic rise in the national debt supports this conviction), we as a nation appear to be moving closer to the ultimate crisis in confidence, which is the very viability of the United States of America.</p>Tom ChechatkaFri, 05 Dec 2008 18:38:04 -0000