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Hedge funds clipped by short-selling ban

Daily Telegraph – As short-selling is banned to protect Britain’s banks, Gordon Rayner names the men who have made millions from the financial crisis

As 70,000 employees of HBOS wonder which of them will still have jobs this time next month, they will no doubt be looking for someone to blame for the extinction of their once great employer.

As the dust settled yesterday on the ruins of Britain’s fifth-biggest banking group, there was little doubt as to the immediate cause of their misery – the hedge fund billionaires who have made a killing by playing poker with their livelihoods.

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