Showing posts with label collusion. Show all posts
Showing posts with label collusion. Show all posts

Monday, March 8, 2010

Always blame the speculators

"Speculators" are an old scapegoat standby. Those with fiduciary responsibility always like to blame someone else for their mistakes. I suppose it's a natural human reaction that it must be someone else's fault. The most recent nonsensical iteration of this phenomenon is currently being played out in Europe as officials there seek someone to blame for Greece's woes.