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To: Cheap_Hessian

Idiotic article speaks poorly of “speculators”.....I’ve got news for this author....”speculators” don’t cause these problems.....crappy citizens who vote for crappy leaders cause these messes.....speculators trade on the facts....people don’t want to recognize the facts so they go after “speculators”.....how about going after crappy politicians who create these welfare states?


6 posted on 04/06/2010 9:38:25 PM PDT by There You Go Again
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To: There You Go Again
I doubt any reasonable person would blame speculators on Greece's or any of the other poorly-governed countries' problems. However, I do not see how the article blames speculators. It appears to me, the author used sarcasm, because Greek officials blamed speculators the last time this happened.

From the article

Yet what will a disclosure by Greece be without at least a little scapegoating. Sure enough: "While the spread widening was excessive, there is no plan or mechanism to prevent further widening. The hedge funds and U.S. investment banks have won the battle yesterday by forcing long-term investors to sell." Farewell Germany, old friend, hello America, new favorite scapegoater.

7 posted on 04/06/2010 9:52:30 PM PDT by Cheap_Hessian (I am the Grim FReeper.)
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