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As reports of finance job layoffs kept coming in (today&amp;#8217;s unlucky winner was the Royal Bank of Scotland), a handful of hedge fund head honchos&amp;#8212;including George Soros, Phil Falcone, Ken Griffin and&amp;nbsp;James Simons&amp;#8212;testified in front of Congress in connection with a federal investigation into the causes of the current crisis. The big-time investors, many of whom pocketed over $1 billion last year, were split on whether more regulation of the hedge fund industry is needed. &lt;p&gt;Soros and Citadel&#39;s Griffin called for Uncle Sam to keep his tired old hands off of hedge funds, while Harbinger Capital&amp;#8217;s Falcone and Renaissance Technologies&amp;#8217; Simons said a little more investment disclosure couldn&amp;#8217;t hurt. The investors did agree, though, that more oversight of those dangerous little securities called credit default swaps would be helpful in staving off any of those crisis things. &lt;p&gt;Also in the news today was another bigwig who infamously took the stand not long ago, Lehman CEO Dick Fuld. Last night,&amp;nbsp;Fuld and his wife, with the&amp;nbsp;help of Christie&#39;s,&amp;nbsp;auctioned off some of their prized paintings, and&amp;nbsp;just like&amp;nbsp;Dick&#39;s testimony in front of Congress, people weren&amp;#8217;t buying what Fuld had to offer. But despite the trouble the Fulds had in ditching&amp;nbsp;their&amp;nbsp;Bacon (their Francis Bacon self-portrait, that is),&amp;nbsp;they did manage to book a nice profit on Gorky&amp;#8217;s &quot;Study for Agony I,&quot; which they bought for $370,000 and sold for $2.2 million.&amp;nbsp;(As a side note, Metallica drummer Lars Ulrich had no trouble&amp;nbsp;yesterday getting rid of his Basquiat, which he&amp;nbsp;pawned off for a cool $13.5 million.) &lt;div&gt;&lt;/div&gt;

Derek Loosvelt

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