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07/01/07
Greedy Wall Street bankers to blame for hedge-fund mess
Filed under: General, Mortgages
Posted by: Lillian Wong @ 10:18 pm

NEW YORK - Some on Wall Street want to blame the little guy for the latest hedge-fund mess. People with shoddy credit histories couldn’t pay their mortgages, so that pushed some funds to the brink of collapse and sent shock waves through financial markets. Looking at things that way shifts blame away from the Wall Street firms and banks that had a hand in many aspects of the subprime mortgage mess but aren’t taking responsibility for their role in creating it.  More…

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