What was expected to be a showdown turned into more of a tickle fight Thursday, as five of the world's top hedge fund managers faced a quizzical congressional oversight panel.
"What it is that you knew that allowed you to be so far ahead of everyone else?" asked a genuinely curious Rep. Edolphus Towns, D-N.Y., of the witnesses, some of whose multi-billion-dollar funds had largely escaped the worst of the economic crisis so far. "Do you have any opinions on TARP?" asked Rep. Tom Davis, D-Va.,...Full Story