{"id":8649,"date":"2008-09-19T00:00:00","date_gmt":"2008-09-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"britain-and-us-crack-down-on-hedge-funds-blamed-for-crisis","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/britain-and-us-crack-down-on-hedge-funds-blamed-for-crisis.html","title":{"rendered":"Britain and US crack down on hedge funds blamed for crisis &#8211;"},"content":{"rendered":"<p> Independent &#8211; An unprecedented crackdown on speculators preying on falling share prices    began on both sides of the Atlantic yesterday, as Gordon Brown promised to &quot;clean    up the financial system&quot; after days of turmoil. <\/p>\n<p> <!--proximic_content_off-->                      <!--proximic_content_on-->             <\/p>\n<p> The Financial Services Authority (FSA) banned &quot;short selling&quot; of    bank shares from midnight last night, after warnings that the practice    helped fuel market turmoil that forced the dramatic &pound;12.2bn takeover of HBOS    by Lloyds TSB. This came as the New York Attorney announced his office had    launched an investigation into illegal manipulation to profit from short    selling. The move is to uncover whether speculators have spread misleading    information or acted in concert to purposely drive down share prices. <\/p>\n<p> Wealthy hedge fund traders, heavy users of the shorting strategy, have sparked    fury after making millions from the collapse in value of UK banking stocks.  <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.independent.co.uk\/news\/business\/news\/britain-and-us-crack-down-on-hedge-funds-blamed-for-crisis-935404.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Independent &#8211; An unprecedented crackdown on speculators preying on falling share prices began on both sides of the Atlantic yesterday, as Gordon Brown promised to &quot;clean up the financial system&quot; after days of turmoil. The Financial Services Authority (FSA) banned [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[82,440,2737,1132,1133,330,753,2739,2738,1258,757,439,750],"class_list":["post-8649","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bets","tag-crude-prices","tag-demaio","tag-executive-suite","tag-fellow-shareholders","tag-index-funds","tag-market-abuse","tag-peace-of-mind","tag-private-ownership","tag-remorse","tag-september-11","tag-sumitomo","tag-term-debt"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8649"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8649\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}