Blair’s lucrative deal with hedge fund that bet on bank failures

Daily Mail – Tony Blair is to give speeches to a secretive hedge fund that made millions betting on the collapse of UK banks. The former prime minister will be paid hundreds of thousands of pounds by Lansdowne Partners, one of London’s biggest, yet lowest-profile funds. The Mayfair-based company reputedly made £100million betting on the demise of Northern Rock and £12million in a matter of days exploiting a dramatic fall in Barclays shares. Read Article

Ed – It should be noted that the amounts at the disposal of these hedge funds (often hundred’s of billions of dollars) could, theoretically, enable them to manipulate an entire market to their advantage.

Tags: 2nd Great Depression, banks, financial system, global elite, nature of corporations