It is pretty disgusting really. Its also hilarious. The very idea of loaning money to the most indebted entity in the history of the world as an investment strategy is beyond stupid. And to top it off, the interest you are paid is pitifully low and well below real inflation. And yet most people don't understand that's what you're doing buying these bonds. guaranteed return and no risk by loaning your hard earned money to a bankrupt govt.
Over at Zero Hedge (I'm beginning to like that site), they are calling him Barry Bonds.