Comment Re:Most Important (Score 2) 485
First things first: We have to make sure that no banker ever loses so much as a Euro, no matter how bad the investment. That's primary in this deal.
That's what really bothers me about this whole thing -- it's a reminder that Big Finance no longer needs to evaluate the risk of their investments because they'll never again be held accountable for them. Listening to the coverage of the Greece problems gave me flashbacks to the subprime mortgage crisis, among others. Letting bad investments bite these mega-corporations in the ass isn't even on the table.
I try to empathize with the Greek people, since the majority of them are probably being dragged through this due to no fault of their own, but I honestly hoped the EU wouldn't have come to an agreement, and Greece would just have to default on all the loans and declare insolvency. Even that probably wouldn't have put any real burden on the big investors (oh, the IMF owns the colessium now? how nice), but I'm sick and tired of bad investments only being bad for Joe Taxpayer (or in this case, Hans Steuerzahler).