A riposte to the Archbishop

Leading hedge-fund manager Paul Marshall says Rowan Williams was wrong to scapegoat share traders When Rowan Williams and John Sentamu took up their crosiers against short-sellers, they chose strange company: Ken Lay, the disgraced chief executive of Enron, Dennis Kozlowski, the jailed boss of Tyco (who took out full-page ads against short-sellers, before his company sank under the burden of accounting fraud) and the former prime minister of Malaysia Dr Mahathir Mohamad are probably the most renowned critics of short-sellers. In recent weeks they have been joined by assorted Labour frontbenchers, including Yvette Cooper and Hazel Blears. They are a motley crew. The common thread, linking business executives and politicians, is blame shifting — or to use a more biblical term,... [read full story]