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?
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.