'They have nothing left but their apartments or homes - which they are going to have to sell to get money to live on'...like the stock market, hedge funds have always been very risky gambles and at least the greedy oiks that poured money into his get-rich-quick scheme (that is all hedge funds are)have some assets left. Hedge funds over-valued everything that they touched, contributed nothing to the economy apart from gross over-valuations and the Day of Reckoning approacheth.
I await the limpimg creditors whining to the US Govt. and pleading for financial assistance (yeah right). Not much sympathy at Gandalf Acres I'm afraid.