Sunday 11 December 2016

Bond sales are really a pyramid scheme

Published 23/09/2010 | 05:00

What the hell is wrong with us as a people? For centuries we rebelled against, and sang scornfully about, absentee landlords.

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But nowadays, we fall at the feet of absentee bondholders like they were God almighty?

Isn't it fascinating how a group of right-wing, conservative nutters in the United States, called the 'Tea Party' movement, have managed to manufacture a faux rebellion, designed to overthrow a middle-ground, honourable president.

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