Posted by: John | September 18, 2008

Vince quoted on Huffington Post!

Some British politicians claimed that Britain’s biggest mortgage lender HBOS PLC also fell victim to speculators. HBOS’s share price plummeted Wednesday before it was snapped up by banking rival Lloyds TSB PLC.

On Wednesday, opposition lawmaker Vince Cable accused hedge fund managers of “hunting in packs” to undermine the bank. Alex Salmond, the first minister of Scotland, where some 17,000 HBOS jobs are based, said Thursday he wished the clampdown on short-selling had taken place earlier.


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