Last Updated Oct 17, 2008 10:41 AM EDT
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 is unnecessary to 'punish' hedge funds because they are already suffering enough."