Money men making profits out of misfortune
Despite sharp condemnation from Andrew Bailey, Governor of the Bank of England, the hedge fund scavengers continue to short sell, betting against stocks they reckon will fall. Bailey said what they are doing: “might not be frankly in the interest of the economy, the interest of the people.” Financier Crispin Odey claimed returns of as much as 20% on his short bets –£115 million ($132.6 million) from this year’s stock market crash. Marshall Wace, one of E
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