Hedge Funds on the Edge

US hedge funds have called on the Bank of England to free up some £38bn in Lehman Brothers Holdings assets -- or face disaster for UK plc.

But can they reasonably complain of regulatory scapegoating? Or are their current difficulties simply proof that the market's working as it should -- even if it's going against them? Here are some varying views on whether financial sector regulation's gone far enough -- or too far:

"Hedge funds are more like cockroaches. They get a bad press but are very hard to kill."

"It was the failures of London that made Paulson's decision wrong."
Is deregulation to blame for the financial sector's current problems?

"It is unnecessary to 'punish' hedge funds because they are already suffering enough."