US hedge funds have called on the Bank of England to free up some Â£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
that made Paulson's decision wrong." London
- Is deregulation to blame for the financial sector's current problems?
- "It is unnecessary to 'punish' hedge funds because they are already suffering enough."
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