[smoothsailing]

What suckers we are.

[RFEngineer]

“What suckers we are.”

Well, they sold many bonds yielding 10% or more by saying “hey, we can’t default by law” until of course they couldn’t make the payments.

Now they want the law changed so they can default. Right now its investors, hedge funds, etc.....the sort of folks that are politically connected and can possibly help make a bailout happen.