hedge funds lose billions on pigs bailout

  1. mozz18
    10,956 Posts.
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    12/05/10
    11:42
    Post #: 6685862
    Can't say I really feel sorry for these low-lifes


    "GLOBAL hedge funds are likely to emerge as big losers after the release of the European Union's E750 billion ($1 trillion) aid package, with many believed to have already incurred multi-billion-dollar losses on Monday.

    Hundreds of US hedge funds last week placed big bets on countries such as Greece and Spain defaulting on their national debts....."


    http://www.news.com.au/business/funds-make-a-losing-bet-after-eus-massive-bailout/story-e6frfm1i-1225865301467
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