Friday, October 14, 2011

Dexia went bust betting against German Bunds!

The incredible story is available in full detail from here. Only an ex-heavyweight of the corrupt EU could surely oversee such stupidity as that reflected in this post's headline. The source posting, titled "The most stupid trade of the decade," from Acting Man, is linked here and concludes as follows:

Jean-Luc Dehaene, the chairman of Dexia and manager of its Belgian subsidiary, by the way was once Belgium's prime minister. We suppose the country can consider itself lucky for not having a government at present.



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