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Hedge funds' misery as FSA bans short-selling on 32 firms

The short-sellers accused of bringing the global banking industry to its knees have found themselves at the mercy of their victims. The unprecedented gains made by banking stocks left hedge funds with short positions facing large losses, as regulators turned their fire on the sector.

Webmaster's Commentary: 

The burning of the scapegoats has begun. But in truth the hedge funds, while certainly sharing the guilt for the economic collapse, are not the primary blame-holders.

First and foremost, the problem is a government that has borrowed more money than it can ever repay, transferred that debt onto the states and the people, then gave tax breaks to corporations to make it easier to move high-paying manufacturing jobs to foreign countries.

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Posted on Sep 20, 2008 at 07:31
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