2008-04-12nytimes.com

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.


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