Hedge funds flush with cash grabbing the cream of the crop from the hurting banking firms

"Hedge funds are benefitting in a big way from Wall Street banks turmoil. With news of axes falling constantly in the press, jobs less and less certain, the prospect of falling pay packages, capital for investment less available, and belts tightening in a major way changing the fun life as they knew it within the big financial firms, it's no wonder that hedge funds now have the picks of the litter."