Yesterday critics were quick to attack Cameron for taking money from hedge funds. ‘Now we see that the same hedge fund wolf pack who brought HBOS to its knees are bankrolling the Tory party,’ said Lord Oakeshott, the Liberal Democrat Treasury spokesman. ‘No wonder David Cameron and George Osborne wouldn’t condemn short-selling or the hedge funds’ disgraceful behaviour.’
Short selling didn’t bring HBOS to its knees. Open short interest was under 3% in the week leading up to the rescue bid.
Be useful if those deciding to comment upon such matters were actually informed, wouldn’t it?