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They-re just a regular mutual fund manager. Not particularly "locust". In fact, they got in trouble in the last decade for engaging in "market timing", which is a pretty reasonable thing to do except that some pension funds argued it was contrary to their interests as clients.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Carrie (migeru at eurotrib dot com) on Sat Jan 7th, 2012 at 04:03:08 PM EST
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