3/11/2009

What about the Poor Bond Holders?

Cry me a fucking river. Buying a corporate bond with the delusion that you are guaranteed a return for sitting around doing nothing is a validation of either stupidity or fantasy. These people were speculating. Got it? These assholes loaned money to a bunch of criminaly run and clearly insolvent banks and other institutions and now they expect us taxpayers to return 100% of their capital to them. Fuck them. Buying a corporate bond is a speculation. Period. End of story.

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