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by taki1
4036 days ago
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Couldn't agree more. Government Bonds (like US Treasuries) can go to zero. Really. Like any other investment. German and French Governments demanding from Greece paying off debt like the bonds are still in 2007 is insane. If bankers took risks bought an asset class without doing their homework and then the asset class goes to zero, our response is to pretend it is not zero and pay off bankers? I'm sorry but I thought capitalism is all about risk and reward. They took their risks, they made mistake, the Market should put them back into their place, so others can learn on it. But none of this counts when you can call up die Frau (Merkel) and extort money. |
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