I skimmed some of the evidence there. Nothing seems to condemn the HCF industry as a whole. Some linked articles about it in Wall street journal and Financial Times are behind paywall. And even if HFC would be bad, it's not significant. Your source also says HFC can't hold much equity.

You could have explained me why HFC is bad. Just slamming around some link with lots of "evidence" is not very convincing. Given how easy it is to find evidence about anything these days. It's bit unfair to assume I should gather your argument for you.