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{{g}}In the German political vernacular, ''eine [[heuschrecke]]'' (a “[[locust]]”) is a [[hedge fund]], and in particular a private equity firm. | {{g}}In the German political vernacular, ''eine [[heuschrecke]]'' (a “[[locust]]”) is a [[hedge fund]], and in particular a private equity firm. | ||
First used by Social Democrat Franz Müntefering when he demanded that his party: | First used by Social Democrat Franz Müntefering when he demanded, as long ago as November 2004, that his party: | ||
:“''... must help companies acting in the interest of their future and the future of their employees against irresponsible locust swarms, who measure success in quarterly intervals, suck off<ref>I say! Perhaps Herr Müntefering has in mind a special kind of private equity.</ref> substance and let companies die once they have eaten them bare.''” | :“''... must help companies acting in the interest of their future and the future of their employees against irresponsible locust swarms, who measure success in quarterly intervals, suck off<ref>I say! Perhaps Herr Müntefering has in mind a special kind of private equity.</ref> substance and let companies die once they have eaten them bare.''” | ||
Trivia point: there is a hedge fund called [http://www.locustwood.com Locust Wood Capital LLC], which not only tips its hat to Herr Müntefering and his unfortunate [[double entendre]]s, it sounds like it comes out of one of those Hedge fund name generator algorithms. | Just as well he wasn’t a Christian Democrat — a plague of locusts is ''not'' a good sign for people of that disposition. | ||
Trivia point: there is a [[hedge fund]] called [http://www.locustwood.com Locust Wood Capital LLC], which not only tips its hat to Herr Müntefering and his unfortunate [[double entendre]]s, it sounds like it comes out of one of those Hedge fund name generator algorithms. | |||
{{sa}} | {{sa}} | ||
*[[Hedge fund]] | *[[Hedge fund]] | ||
*[[Hooker]] | *[[Hooker]] | ||
*[[Apocalyspe]] | |||
{{ref}} | {{ref}} | ||