Ray Dalio: Why Bridgewater Won’t Participate In Geithner’s PPIP

Ray Dalio, who runs one of the largest hedge funds in the world, wrote a letter to his investors explaining why Bridgewater wants no part of Tim Geithner’s trash-asset-purchase plan.  He says that he thinks most big funds will decline to participate, leaving PIMCO, Blackrock, and a few others to run off with the taxpayer loot (and later be bashed for it).



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