Hedge Fund Humor: how to donate money and kill your returns at the same time

[Brian Burke]

So the other day at the foreclosure auction, the bidding was going hot and heavy on a property until it ran up so high that all of the experienced bidders stopped bidding. It was down to just two bidders now, going back and forth, and back and forth.

This continued for another $20 grand before these two geniuses realized that they worked for the same hedge fund and they were bidding against themselves!

Lucky bank got a belated Christmas present while people's pension money got wasted...economic stimulus at its best. You just can't make this stuff up...reality is funnier than fiction!