BBC UK News – "They hunt as a pack and can bring down financial systems" says the Daily Mirror, describing the hedge fund managers widely blamed for bringing down HBOS.<\/p>\n
The decision to halt short selling of bank shares – for which hedge funds are widely blamed – earns the prime minister praise from the Independent, which says, "It is almost as if Mr Brown were Chancellor again".<\/p>\n
But the Sun likens the ban to ringing alarm bells as the Titanic sinks.<\/p>\n
‘Secret deal’<\/p>\n
The Financial Times reports that news of Lloyds TSB’s takeover of HBOS left a "mood of melancholic resignation" in Scotland, where HBOS employs 17,000 people.<\/p>\n
But the Daily Express says some MPs suspect a "secret deal" may have been done to protect Scottish jobs at the expense of employees in England.<\/p>\n
Ahead of the Glenrothes by-election the government does not want to "alienate" Scottish voters, says the Times. <\/a><\/p>\n