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A group of high-profile hedge fund managers who have been criticised for exacerbating the financial crisis are part of an elite pack of Conservative supporters, reports Jamie Doward. Could David Cameron's commitment to transforming the party image fall victim to the credit crunch? The Tories were accused last night of being bankrolled by a City 'wolf pack' after it emerged that the party was receiving hundreds of thousands of pounds from hedge fund managers who have been making vast sums of money from plunging bank shares.

After the Financial Services Authority had, in effect, barred the controversial practice of short-selling bank stocks and the Treasury was forced to draw up a rescue package for Bradford and Bingley, it emerged that a small group of City financiers who have made fortunes from falling stock markets are paying at least £50,000 a year to the party.

Their donations entitle them to membership of an elite supporters club called the Leaders Group, which bestows invitations to functions attended by David Cameron, something that has prompted allegations that the Tory leader is supporting 'cash for access'. Last night, in an attempt to quell a mounting row over the party's finances ahead of this week's conference, the party put details of the Leaders Group on its website... more here: http://www.guardian.co.uk/business/2008/sep/28/marketturmoil.shares
Nick: JirkaPraha, 29.9.2008 07:29:45
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Number of people, who is infected by the swine influenza, is rising and hand to hand with this dreads of global pandemy burst is strengthening. Mexican Minister of Helath José Ángel Córdoba...
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11.5.2009 08:41:43 | Nick: JirkaPraha
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Bilderberg elitist Zoellick calls for IMF, WTO & World Bank to regulate national policy. World Bank President and Bilderberg elitist Robert Zoellick openly admitted the plan to eliminate national...
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6.4.2009 10:48:51 | Nick: JirkaPraha
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The European Union's crisis of leadership during this severe economic downturn was thrown into sharp relief on Wednesday, as the prime minister of the country that holds the rotating presidency...
News
26.3.2009 14:38:51 | Nick: JirkaPraha
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(CNN) -- A bicycle with a sticker advertising a Florida punk-folk band forced the evacuation of a Memphis, Tennessee, airport terminal late Monday afternoon, authorities said. A pilot alerted...
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18.2.2009 08:58:04 | Nick: JirkaPraha
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Germany, Russia's biggest political ally in Europe, tonight warned that its supply of Russian gas could swiftly collapse as the dispute between Ukraine and Moscow intensified and Europeans began...
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7.1.2009 11:23:18 | Nick: JirkaPraha
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Commission head Barroso supports country despite foreign observers' doubts On Jan. 1, the Czech Republic takes the reins of the presidency of the European Union from France. Despite previous...
News
5.1.2009 02:11:10 | Nick: Charlie
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Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world's monetary system with liquidity, according to an internal client...
News
4.12.2008 13:46:32 | Nick: JirkaPraha
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New York City woke up this morning to find that some committed satirists had delivered unto them a remarkably well-rendered facsimile of the New York Times, filled with earnest and hopeful headlines...
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13.11.2008 14:15:21 | Nick: JirkaPraha



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