DT. wrote:GreekIslandGirl wrote:Cap wrote:Never forget, banks are JUST businesses
True.
But we chose them simply because they're GREEK banks/businesses.
We'll never take poison, unless it's Greek.
*WE* didn't choose anything (unless you are one of those bankers?).
[In your haste to politicize bankers' decisions, you appear to me to be a simpleton, also.]
They (bankers) are businessmen/women - they chose Greek bonds because there was the possibility of making a killing because the Greek people were kidnapped and forced to pay the highest interest rates.
"We" chose them because they were trading at great discounts offering greater yields. Since the haircut bond managers have returned performances of 100%~110% from 2012 -2013 purely from Greek debt.
Well, there you go!