Hedge fund rights are human rights

Hedge fund rights are human rights

From dealbreaker.com

It probably speaks well of the overall state of human rights in Europe that the European Court of Human Rights devotes a lot of its time to compelling moral issues like George Soros’s insider trading conviction. (Fine, there’s some torture too.) But how good is this: Hedge funds have been known to use hardball tactics to make money. Now they have come up with a new one: suing Greece in a human rights court to make good on its bond payments. The novel approach would have the funds arguing in the European Court of Human Rights that Greece had violated bondholder rights, though that could be a multiyear project with ... (full story)

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#1
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Jan 19, 2012 11:36pm Jan 19, 2012 11:36pm

TraderUSA
| Joined Aug 2011 | Status: Trader | 809 Comments

Any business transactions are based on good faith, both parties must proved to be trustworthy to sign a deal, a contract. But when one break the contract, breach that trust, then you have a right to get compensate plus the damages of the consequences that brought to you.
Now just think that only Greece is the bad guy here. What if Italy, Spain, Portugal, Ireland...do the same to the bondholders...The picture here is very very ugly.

#2
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Jan 20, 2012 1:50am Jan 20, 2012 1:50am

[Sniper]
| Joined Feb 2009 | Status: Trader | 55 Comments

lolwut hedge funds? Upholding a contract is not human rights.

#3
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Jan 20, 2012 5:28am Jan 20, 2012 5:28am

Trader#7DE3
| Status: Unregistered Trader

Are Investment Yields a Human Right?
"Hedge funds seem to be behaving like retail consumers who have been mis-sold a service or have found that a product is not fit for service. Now they want to go over the legal route in order to get their money back (although retail consumers should know that discounted goods bought in the sales cannot be refunded or exchanged)."
http://www.unexpectedutility.com/society/are-investment-yields-a-human-right

#4
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Jan 20, 2012 6:32pm Jan 20, 2012 6:32pm

mbkennel
Joined Nov 2009 | Status: Trader | 1 Comment

So these hedge funds are suddenly ignorant of the concept of "credit risk"?

Just like little old ladies depositing their money at George Bailey's or the post office?

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Posted: Jan 19, 2012 11:13pm
Submitted by:
Newsstand

Category: Entertainment News

Comments: 4 / Views: 2,255