Sorry I should have been more specific – I don't understand why people are blaming the hedge funds for bail outs. If you're going to blame anyone for the TARP program surely it would be the government?
I do get why people are angry at those who recklessly over leveraged, although I would still argue that this is more of regulatory issue. If you allow people to take reckless financial risks some percentage of people will always do it.
It's also no reason to be angry at hedge funds as a collective, in the same way it would be silly to be angry at all mortgage owners (past & present) for the GFC.
However, if you're saying it's fine to blame the individual hedge funds involved in the GFC for reckless harm and negligence then I would would tend to agree, but that doesn't appear to be what's happening.
I do get why people are angry at those who recklessly over leveraged, although I would still argue that this is more of regulatory issue. If you allow people to take reckless financial risks some percentage of people will always do it.
It's also no reason to be angry at hedge funds as a collective, in the same way it would be silly to be angry at all mortgage owners (past & present) for the GFC.
However, if you're saying it's fine to blame the individual hedge funds involved in the GFC for reckless harm and negligence then I would would tend to agree, but that doesn't appear to be what's happening.