Markets Not Capitalism |
[Apr. 16th, 2012|02:00 am] |
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Comments: |
| From: | brookings |
Date: | April 16th, 2012 - 02:04 pm |
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| | Re: Latvijas vārds pasaulē | (Link) |
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It seems to me that fraudulent conveyance aptly describes both the corporate junk-bond raiders and the IMF/EC bailout of Latvia - both financed by the issuance of debt by entities that can access funds created as debt, who then strip national (or company's) assets and cut the populations benefits/pay/pensions (or workforce's pay) to pay back these debts - a clear leveraged take over of a country. | |