Short route to a political statement

[CAcyclist]

http://www.marketwatch.com/news/yhoo/story.asp?guid=%7B5608A9C7-A82C-427E-9EB5-EB3121C3E19B%7D&sitei
SANTA MONICA, Calif. (CBS.MW) -- Mad as hell about corporate policy? A new hedge fund is, and it's putting its money where its mouth is with an investment strategy of shorting shares of companies with which it takes issue.

By buying put options, or shorting a stock, the hedge fund hopes shares will fall, in effect punishing a company for what it calls "misdeeds" and profiting all the while. A portion of profits will go toward mending the social wounds inflicted by target companies.

The fund is the brainchild of Max Keiser, the investment activist, for lack of a better definition, who launched Karmabanque.com several years ago on a similar philosophy. Zac Goldsmith, son of famed corporate raider Sir James Goldsmith, is also a partner in the venture. Goldsmith's The Ecologist magazine will audit, track and publish results.

"For every 1,000 new boycotters, I and my group of investors/activists, including Zac, will increase the size of the fund by 5,000 pounds," says Keiser. "All profits (minus a two percent processing fee) will go the groups/people who are the victims of bad companies."

[Democat]

1. This is from their website

Americans electing Bush have said , 'f*** you world'
Say, 'f*** you America' by joining Karmabanque

http://www.karmabanque.com/

:hi:

[UpInArms]

6. great site!

and a great list of nasties to boycott - I was happy to see that Walmart was there so that I could "officially" state that I was not spending any money there (4+ years now and no regret)

:thumbsup:

[Eloriel]

7. karmabanque -- only in CA

I love it, without even looking at the website (yet). Wish I had some money to "invest."


Oooooo, just took a wee bit of a look. Someone send this to Ruppert at FTW QUICK. And Catherine Austin Fitts at solari.com (I think it's dot-com, maybe org).

[Not_Giving_Up]

2. Now if I only had any money to invest with them

Thanks to the blossoming economy, I barely cover the bills.

[K8-EEE]

4. Well, I'm At Least TRYING To Not Buy Coke

My two diet Coke addicted daughters are getting it on the sly though! Trying to come up with a better alternative but so far Hansen's type stuff has been a big thumb's down.

[K8-EEE]

3. Really Interesting!

Thanks for posting this!

[CAcyclist]

5. You're welcome!