Friday, May 4, 2012

The story that caught my eye on my favorite news aggregator site (zero hedge) has nothing to do with partial truth announcements by some bureau or another.  http://www.zerohedge.com/news/norway-sovereign-wealth-fund-purges-all-insolvent-eurozone-debt-holdings-us-hedge-funds-buying  Instead this story points out that the Norwegian sovereign wealth fund has purged all the PIIGS (Portugal Ireland, Italy, Greece, Spain) filth bonds it held, an action they dutifully announced more than a month ago.  The most stagnantly stupid part was that American Hedge Funds were buying them.  Amazing, with that sort of insanity ongoing, there is much bgger trouble in store for our banking system. 

By the way if anyone reading this has never seen zero hedge, they really should check that site every single day. 

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