God it’s good to see someone writing this sort of stuff.
Hedge funds are currently boosting the prices of Greek government bonds as they close out old CDS contracts.
Not, as many screaming ignorantly are saying, lowering prices by speculating against the bonds.
1 response so far ↓
1 Georges // Mar 3, 2010 at 1:48 pm
Also good to see this excellent article in the WSJ:
http://online.wsj.com/article/SB10001424052748704548604575097800234925746.html
Rather puts to rest the ‘argument’ made by the usual suspect accusing Goldman Sachs of triggering the Greek downfall.
Turns out it was governmental fiddling/deceit which played a huge role in the current Greek issue.
Shock/horror
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