Quote:
Originally Posted by Osem
So people who chose to invest in banks/schemes which are paying well over the top interest/returns (e.g. IceSave, Madoff) have no responsibility for being greedy, naive or whatever? Isn't there a load of Russian money in Cypriot banks because they were paying greater returns and asking fewer questions than elsewhere?
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All I am saying is that the reason why it looks like most the world is in debt is because a nation's debt is not only owned by other nations by private holders. Yes people that make risky investments are partly to blame but that's not really related to the main point I was making. I was just saying a person whose pension is invested in bonds isn't really to blame the the Government issuing bonds they can't afford.