A different view on Greek debt woes
nternationally known investor and author James Rogers says the melodrama over the Greek debt should stop and that bankruptcy isn’t the worst option. In fact, he muses that it might be the only way forward. And anyway, the ones who lose are the banks and bondholders, entities prepared to take the profit but squirming like hell to avoid the loss… aren’t both anticipated outcomes of investment risk?
This excerpt from the BBC Global News podcast, February 2, 2012, 12 am edition.