Did Hedge Funds Sabotage Iceland?

An executive who works with a big Icelandic bank recalls: “Upon entering the bar I was approached by one of the hedge fund managers. He informed me that all people in this party – except for him, of course – were shorting Iceland.” The executive says the fund manager described Iceland’s profit-making potential as the “second coming of Christ”.

Also see: Hedge Fund Pressured Economist to Talk Down Icelandic Economy, and UK hedge fund denies ‘attack’ on Icelandic market.