Hedge Funds - Help!

["Guy Tann" <grtann@xxxxxxxxxxx>]

To All:

Since I'm just an ignorant futures trader, I need help from all of you
experts to understand what in fact a hedge fund is, how it works, why a
bunch of banks had to take that one over the other day, why the market would
think this is good or bad, and why our banks have a potential trillion $
exposure to other hedge fund losses (based upon the talking heads)????

Is this just another thing I have to worry about?  It's not enough I worry
about what those idiots are doing in Washington, the problems in Asia,
Russia, Central & S. America and Mexico.  Now I have to worry about hedge
funds, bailing them out and the exposure to our banking system.

Thanks

Guy