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Migeru: By the way, Munchau makes it sound like Greece is doing Ponzi finance...

Well, so do Peter Boone and Simon Johnson, right?

The point is not to be right, but to get to right.

by marco on Mon Apr 19th, 2010 at 05:48:56 AM EST
[ Parent ]
Well, any crisis has the potential to push a speculatively-financing unit into nonfraudulent Ponzi finance, or a Ponzi-financing unit into default.

The brainless should not be in banking -- Willem Buiter
by Migeru (migeru at eurotrib dot com) on Tue Apr 20th, 2010 at 01:43:11 AM EST
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