The billionaire investor has been outspoken about the need for government intervention in the banking crisis, but he has some notable critics.
“The inefficiency of the set of heterogeneous resource allocation databases we call money is astounding.”Fellow hedge fund billionaire Ken Griffin has taken a diametrically opposite stance than Ackman on the need for government intervention in banks,on Monday: “The U.S. is supposed to be a capitalist economy, and that’s breaking down before our eyes.
This group of billionaires questioning the federal government’s response to the banking crisis are some of the wealthiest people in the nation, and the world: Musk’s $187 billion fortune is the largest in the U.S. and second-biggest on the planet, Griffin’s $32.6 billion wealth pile makes him the 37th-richest person in the world, and Ackman is the 819th-wealthiest person on earth with a $3.4 billion net worth.
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