Quote Originally Posted by Louis VI the Fat View Post
Oh, I consider Greece very much the main culprit.

But it's not a matter of either / or. Both ill-disciplined Greek governments and culture are to blame, and the financial markets.
After the last round of bailouts, I made a sharp left political turn. Been browsing the anarcho-communist www, because they seem to be the only ones who share my frustration at this endless transfer of money from the taxpayer to the financial institutions.

As for where I think the hedge funds will expand to: nowhere. They'll stay nicely put in the Cayman Islands, undermining our pensions and financial stability away from regulatory oversight and tax.
Me, I think the death penalty was devised specifically for this, but I'll settle for the government at last forcing them to pay taxes on their billion euro profits.
We just need to start taxing stock exchange. The speculation with stock, currency, bonds, metals and many other things these days is just ridiculous. It doesnt profit anyone else then the speculators, who use it as means to pump money out of the market by using money. It has nothing benefitial in it for the economy.