How Much Fund Could A Hedge Fund Hedge....

....If A Hedge Fund Could Fund Derivatives?

A lot, I reckon.

So, is it not worth considering the possibility that Fortress, after laying out less than half of the $750 million it promised to lend Millenium to build the Olympic Village, has already leveraged that 'investment' a whole bunch of times over?

Especially given the fact that the loan was guaranteed by the City of Vancouver's once, but no longer, flush-with-cash Property Endowment Fund.

And given all that, is it not entirely possible that a kept-in-the-dark Citizenry has been played for saps?

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The leveraging of the loan possibility popped into my head while reading the Mr. Mason's latest column in which he states that Fortress and/or the many folks/funds/ponzitistas that Fortress has potentially sold the tranches to, will get their money back out first (plus interest, rumoured by Miro Cernetig Friday to be ate least 8% per annum).....Sheesh.
Then again, if Fortress were suddenly forced to pay up on a significant proportion on all it's debt, multiplized or otherwise, to even bigger fish, well, it just might go the way of the dodo.....

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