Dropping Shoes
Mar 13th, 2008 at 9:15 am by Susie
But hey, how about Britney?
Yet another shoe(s) has dropped, as several large hedge funds imploded, leading to global bourses being pressured overnight.
According to the Times of London, several hedge funds with assets of more than $4 billion (£2 billion) were on the brink of collapse last night or had halted withdrawals, despite moves by the US Federal Reserve this week to ease America’s deteriorating credit crisis with a $200 billion collateral lending facility.
