Tuesday, March 23, 2010

Greece looks in the mirror

Voltron says: During the Greek bond crisis when the government blamed the speculators, it was so trite that I didn't bother blogging about it even though they took the unprecedented step of order their intelligence agency to root out the speculators. Well, they found out who the speculators were. This is too good. I'm not making this up . . . it was themselves . . . state-owned Hellenic Post Bank. They were betting against themselves. That's like Pete Rose betting against the Reds (I'm showing my age).

http://www.zerohedge.com/article/biggest-greek-cds-speculator-has-been-uncovered-culprit-greek-state-controlled-hellenic-post

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