Soc Gen just took out the 2009 low

Discussion in 'Stocks' started by Cdntrader, Sep 9, 2011.

  1. It just re-affirms the fact that all of this bullshit to "save" the PIIGS is nothing more than a brazen attempt to stick save the f'ing stupidity of all of these European banks that can't make a dime aside from front running moral hazard.

    If there weren't so many precedents for this crap over the past two decades, NOBODY would have touched Greek debt in the past few years and they would have gone belly up a long time ago. Of course, there would have been no Euro currency as well, since it was pretty obvious from the start that it was doomed to fail. It was a miracle that's even made it to ten years considering the flawed premise.