Blaming hedge funds for rising yields on sovereign debt

April 09, 2010  


This rush to blame bank and hedge fund traders for rising yields on sovereign debt is one-half scapegoating, one-half wishful thinking.

By Andrew Barber On March 10 French President Nicolas Sarkozy, Luxembourg’s Prime Minister Jean-Claude Juncker, German Chancellor Angela Merkel and Greek Prime Minister George Papandreou signed a letter addressed to the European Commission demanding an investigation into the use of …

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