I noticed the BBC had Nicola “Superwoman” Horlick on this morning, explaining why one of the hedge funds her company manages had assets worth $20.9 million invested with the alleged fraudulent hedge fund run by Bernard Madoff. Bramdean, whose shares crashed 23.75p to 42.75p on the news, said that the sums tied up with Mr Madoff represented 9.5 per cent of its assets. I was entertained by Horlick’s line that in the worst case scenario, if everything is lost on this fund, investors will be only down 4%. Happy days, eh? So why did the BBC have her on in the first place given its hatred of capitalism? I suggest that it is because Nicola merrily went on to divert attention from her own company’s pooor judgement in this investment by claiming that the crisis was caused by poor regulation in the States. This fits into the ongoing BBC/Brown narrative that everything bad starts on the other side of the Atlantic. If all else fails, as it look it has in the Madoff situation, just blame Bush!
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