Wednesday, August 06, 2014

Stupid People Lending Money to Stupid People

Again, how dumb are you to lend to Argentina?


Kristophr said...

Not dumb for the banksters.

They get ZIRP loans from the Fed, and invest it in high interest junk bonds like Argentina's.

When they crash, they sell the junk to vultures, and not bother to ever pay off the zero interest loan they used to get the money.

Nothing but win ... for them.

Anonymous said...