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Multi-millionaire hedge fund guru Andrew Lahde published a hilarious retirement letter thanking greedy rival investment bankers recently, singling out those with ‘rich parents’ for making his job particularly easy. “I was in this game for the money. The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA, was there for the taking,” he remarked.
“These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. All of this behavior (sic) supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America,” he declared.
The hugely successful financier shut down his company last month after becoming famous last year for making an 886% profit from anticipating the collapse of America’s sub-prime market, though spoke bitterly of ‘destroying’ his health through stress brought on from working in finance. He concluded his statement with a well argued plea to legalising cannabis and hemp, the latter to use as a food and alternative energy source.
“It gets you high, it makes you laugh, it does not produce a hangover. Unlike alcohol, it does not result in bar fights or wife beating. So, why is this innocuous plant illegal? Is it a gateway drug? No, that would be alcohol, which is so heavily advertised in this country,” he noted. “My only conclusion as to why it is illegal, is that Corporate America, which owns Congress, would rather sell you Paxil, Zoloft, Xanax and other additive drugs, than allow you to grow a plant in your home without some of the profits going into their coffers.”
His letter appeared days after civil liberties champion Paul Armentano from NORML described America’s war on pot as a war on teenagers and young people at a speech delivered at the legalisation organisation’s annual conference. “According to a 2005 study commissioned by the NORML Foundation, 74 percent of all Americans busted for pot are under age 30, and 1 out of 4 are age 18 or younger. That’s nearly a quarter of a million teenagers arrested for marijuana violations each year,” he noted.
