The Traderszone Network

Published in TZ Latest News 26 January, 2015 by The TZ Newswire Staff

Austrian "Freedom" Party Demands Bailout For Swiss Franc Speculators (From "Monstrous Monetary Policy")

The phrases “it’s just not fair” and “waa waa waa” were not seen in Austria’s Freedom Party’s statement demanding a bailout for Swiss-Franc-denominated borrowers (i.e. people who were willing to speculate on FX rates with their house as collateral in order to get a lower interest rate in order to afford a bigger home that they really couldn’t afford in real risk-adjusted terms).

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