I first heard of it months ago on Madge Weinstein's podcast, where the couple who run karmabanque, former American citizens who left the US for Europe, are commentators. It's an interesting idea.

I don't really understand hedge funds all that well, but apparently karmabanque has gotten some attention in all the right places. Here's a short description from their website:

quote:

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It is easy to get rich people to financially attack and impoverish other rich people

** Avoid wasting time with your campaigns - attack stock prices! **

You don't need money to attack a company's stock price. Hedge funds (rich people) will attack a company's stock price (other rich people) for you if you bait them correctly with the right boycotts.

**We crunch the numbers and recommend the best hedge-fund-baiting boycotts.

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Here's their primer on how it works.

[ 06 May 2006: Message edited by: Michelle ]