Why aren't hedge funds failing as fast as banks? | Chris Dillow - Times Online

Why aren't hedge funds failing as fast as banks? | Chris Dillow - Times Online

Key sentence: "state ownership, for all its obvious faults, can be less dangerous than dispersed private ownership."

I don't know well how the hedge funds are performing recently or whether hedge funds have a better owner-manager structure. But I agree in theory, except for the last part about Shiller. I am not sure how it is consistent with the less dispersed ownership.