Friday, Feb 12, 2010
Jaws smells Greek blood
Counterpunch: The economic velociraptors
Why Greece and why now? Because it's the Greeks' turn to be hunted by the shark pack (i.e. the usual Wall Street suspects masquerading as "investors" "concerned" about Greek debt). There's big money to be made on their bets about Greek bonds. In the prelude to the feeding frenzy the sharks are even biting each other.
Posted by icarus @ 08:14 PM (575 views) Add Comment
5 Comments
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1. devo said...
nice way to earn a living
their children will be very proud
2. fallingbuzzard said...
They've defaulted before and 'they'll default again. All but one country in Europe has defaulted before on debt, and that is when they controlled their own currencies. Their children won't care.
3. devo said...
Their children won't care
oh, they will
4. quiet guy said...
Would these investment banks be able to do this without CDSs? The whole idea that you can insure yourself against another party's risk seems screwy - even without actively attempting to undermine the the party.
5. braindeed said...
4. quiet guy said...
Would these investment banks be able to do this without CDSs? The whole idea that you can insure yourself against another party's risk seems screwy - even without actively attempting to undermine the the party.
Therein lies the crux.....everyone Lab/Con red blue, seems to think we can polish up this steaming pile of crepe of a Finacial System, and carry on to regain the 'good times'
PS. the real reason Coco's mono-syllabic, baldly partisan tripe is responded to.....Give old Broon a break