06 Aug, 2007 from washingtonpost.com - Sebastian Mallaby (washingtonpost.com)

Hedge Funds To the Rescue

A decade ago, financial globalization seemed terrifying. Crises swept from East Asia to Russia and Brazil; the implosion of a globe-spanning hedge fund, Long-Term Capital Management, forced the Fed to orchestrate a bailout. But this decade may be remembered for the opposite lesson.

Sebastian Mallaby Mon, 06 Aug 2007 00:00:00 EDT

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Source: http://www.washingtonpost.com/wp-dyn/content/article/2007/08/05/AR2007080501055.html?nav=rss_opinion/columns
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