Did Mayfair hedge funds play fair by short-selling HBOS shares?
Friday, September 19, 2008 : PermalinkTimes Online – Why did HBOS need to be rescued by Lloyds TSB? Where should the finger of blame point?
For many, the answer is clear – Mayfair.
The streets of London W1 house some of the world’s biggest hedge funds, which now stand accused of bringing HBOS and other financial institutions to their knees.
Their weapon? Short-selling, the process of betting that a share price will fall.
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capital-group, dissidents, market-abuse, savings-and-loan-crisis, term-debt, uma-thurman