Tuesday, May 31, 2011

Default

If the big European powers want to bail out their banks, they're free to do so. They lent money voluntarily to Greece, or acquired their bonds, because they thought it was a good deal. Turns out they were wrong, and Greece can't afford to pay them back without causing mass suffering in their country. Oops, guess the banksters screwed up again. Of course, for some reason, they never pay for their stupid decisions.