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The problem is that from the reports so far, it seems like Stasi 2.0's proposal - screw the non-senior, unsecured, non-guaranteed creditors - was actually a very sensible sort of proposal. Which was shot down by the Cypriot government, because they didn't want to lose their money laundering business.

Now, that reading makes me a little bit suspicious that there's something we're not being told. Because noway-nohow is Stasi 2.0 the most sensible guy in the room. You can lay odds on that almost no matter who else is in the room.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Mar 17th, 2013 at 12:56:39 PM EST
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