The blame game goes on. Italy's finance minister, Giulio Tremonti, wants to abolish hedge funds. At all. With no exception. Why? Because they are " absolutely crazy bodies" and a " hellish $2,000bn industry" (see story in the FT). I would have expected this perhaps from the Pope – at the end of the day the Germans never liked the "locusts". However, the evil attack got countered by several industry associations. Thank god. Perhaps, Mr. Tremonti should have read Andre Lahde's letter to his investors. The hedge fund manager announced the end of his career and blamed his success on the " stupid bankers of American aristocracy". Now, who's the devil? By the way, I don't support Lahde's idea of solving America's energy (and other) problems with hemp. I'll leave it up to your judgment.

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