Hedge Funds reap massive spoils on British vote to leave European Union

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– News from elsewhere covered by Quincy Quarry

Hedge Funds reap massive spoils on Britex vote to leave European Union

In the wake of the British people voting to leave to the European Union and so burn down the value of the Pound Sterling as well as cause a meltdown on the British stock market, word has leaked out that various hedge fund banksters reaped massive windfalls shorting British securities and the now worth less Pound.

Considering that many of the voting to leave the European Union were also offering up a de facto vote of no confidence in financial companies, it is hard to see their votes as other than cutting off their stiff upper lips off of their faces.

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Whether – or not – this latest British meltdown proves to be a useful lesson to American voters as regards protectionist demagoguery masquerading as patriotic claims of reclaiming sovereignty remains to be seen.

Regardless, expect Quincy Quarry to continue offering its own unique coverage of the breaking badly events of the day.

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