German minister “vindicated” on hedge funds? Please…
| Sep 4th, 2007 | Filed under: Hedge Fund Regulation | By: Alpha Male |
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HedgeFund.net reports that German Finance Minister Peer Steinbrück suggested on Tuesday that the sub-prime mess “vindicates” his push for global hedge fund regulation (see related postings). And in a reference to US and British reservation about his earlier G8 proposals, Steinbrück also apparently told a conference audience:
“Perhaps they still remember that I set this topic early at the beginning of this year’s political agenda.”
We note some bitterness in this comment. But maybe that’s just us. If there’s one thing that gets us going here at AllAboutAlpha.com it’s pitchfork-carrying, torch-wielding populists who, with the tacit endorsement of some quarters of the mainstream media, blame everything on the financial “Axis of Evil” – namely: hedge funds, private equity funds and investment banks.
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