The Federal Reserve is a private corporation. Those that shorted Hedge Funds were doing so because they saw that these funds were making bad decisions. The Fed cut was an artificial intervention that hurt those that had shorted. Do those investors have grounds to sue the Federal Reserve for damages?
2007-08-19 10:04:43 · 3 answers · asked by im_cheaper_than_batteries 1 in Business & Finance ➔ Investing
no
the Fed was fulfilling its function and thus has immunity.
if you didn't know the Fed might do something like that, you didn't do your due diligence properly.
your error, your loss.
2007-08-19 10:11:01 · answer #1 · answered by Spock (rhp) 7 · 0⤊ 0⤋
LOL!
If I buy fire & theft insurance for my car, and it never bursts into flames or never gets stolen, can I sue the insurance company for my premiums back?
You made a dumb decision. You lose.
Suck it up.
2007-08-19 17:14:48 · answer #2 · answered by Anonymous · 1⤊ 0⤋
you can try.
2007-08-19 17:50:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋