Wouldn’-t that hard fact (the $24.9 million that disappeared in flames) be worthy of being cited, for the sake of “-pragmatism”-, on a blog written up by a “-pragmatist”-?
So, my good doctor, when is it that you’-re going to tell the truth to your readers?
UPDATE: See his comment, just below…-
I don’t think the demise of HedgeStreet can be entirely blamed on the CFTC, though I’m sure that played a role. HedgeStreet also suffered from a buggy, cludgy website that was perhaps (pure speculation follows) a reflection of further problems behind the scenes.
@David Pennock: Yes, HedgeStreet had (has?) the wrong trading model (based on IEM). And their website was redesigned 3 times, to no avail.