A pair of senior Church of England clerics is warning hedge fund managers that they face a fate far worse than subprime-linked double-digit losses: an eternity in hell.
In his Easter sermon, Rowan Williams, the Archbishop of Canterbury, decried Western greed and the “grabbing of things in the world.” But his admonitions were mild compared to those of the Bishop of Rochester.
Michael Nazir-Ali suggested that hedge fund honchos are betting with more than credit derivatives and leverage; they are gambling with their soul.
The entire article can be found at FIN Alternatives, a hedge fund and private equity newsletter.



All I can do at this very moment is shake my head and say Lorrd have mercy!