Letters From A Tory Daily views on British politics and the Conservative Party from a centre-right thinker who writes letters on his blog to politicians, journalists and many others.

“Blaming the hedge funds for the banking crisis is like blaming the passengers in a bus crash”

- Paul Marshall, co-founder of the Marshall Wace hedge fund (one of the funds that held short-selling positions in HBOS last summer), arguing with the Treasury Select Committee about whether insufficient regulation caused the banking crisis