BBC – In much of continental Europe, there’s a widespread belief that hedge funds and private equity firms caused the global economic crisis.

Which is presumably one reason why the European Commission wants much tighter regulation of both the hedgies and the buyout boys.

I’ve had personal experience of this, in a recent interview for French telly on how to prevent a repetition of the disaster: more-or-less all my interlocutor wanted to discuss was the alleged imperative of constraining the activities of hedge funds; there wasn’t even a nod at the reality that far more of the real culprits were in the banks, including French banks.

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Tags: bbc, belief-that, continental europe, culprits, disaster, european commission, french banks, global economic crisis, hedgies, imperative, interlocutor, nod, personal experience, private equity firms, repetition, telly

American Thinker – There are several culprits in the recent market crash, but one key source of the problem has hitherto escaped attention: an economic index that can be easily manipulated by hedge funds and whose gyrations have shaken the foundation of Wall Street: the ABX index, launched in 2007 by the Markit Group, a London-based company that specializes in credit derivative pricing and that administers the index.

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Tags: abx index, american stock markets, american-thinker, barack obama, calamity, collapse, culprits, economic-index, john-mccain, london, market crash, markit-group, polls, wall street

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