Why Hedge Funds Want The Fed To Stop Buying Treasuries

This article is not for everyone.  However, it does a great job of explaining the $6 billion loss that JP Morgan incurred when hedge funds ganged up against the "London Whale".  The hedge funds that have shorted the US treasuries are making a similar bet but their counterparty is not a profit making firm that can be bankrupted like JP Morgan.  The article also provides a glimpse inside of the world of hedge fund managers who play in this casino.  They can earn billions without adding anything to the economy or to well-being.  The comments are also very interesting.  I read it several times in order to fully understand how the game works.