David Cameron faced embarrassment on the eve of his party conference last night after members of a secretive club of Tory donors were linked to the ‘short-selling’ of the collapsing Bradford & Bingley.
As the bank was taken into the hands of the authorities ahead of its break-up or nationalisation, two members of Mr Cameron’s elite Leaders Group were revealed to have bet on its falling share price, which has dropped by 95 per cent in a year.
A hedge fund managed by Michael Hintze, who has given £660,000 to the Tories since Mr Cameron took over, declared ‘bets’ on the bank’s falling share price in July.
Read more...
No comments:
Post a Comment
Thanks for your comment it is much appreciated.