I think there is now going to be a lot of states removing funds from the hedge funds. It is a hot topic among the politicians seeking reelection in my state.
Wall Street does not have the respect it once had and many look at these folks as criminals. Folks are angry and the pressure on regulators is going to force action to clean things up imho. The 19 sanctioned yesterday was but the tip of the iceberg, I expect many many more.