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Wednesday, September 24, 2008


A short footnote to yesterday's post about the US based hedge fund which is funding a Conservative Association in rural Wales.

Although it is a different company it is worth noting from this Financial Times article about John Paulson, the New York-based hedge fund manager who made billions of dollars predicting the subprime implosion, who has emerged as the biggest short seller of British banks. The paper tells us that Mr Paulson, the founder of Paulson & Co, has bet against four of the five biggest British banks, according to filings made under a new regulatory regime yesterday.

That is one reason why it is not good electoral politics to cuddle up too closely to such institutions.
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