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Sunday, 9 May 2010

NO RUSSIANS HERE, BUT...

Apparently our government turned down a rather conveniently-termed loan in February, from an evil specuLOLtor US PE fund no less. I wonder how the Orthodox Axis nutcases back home will try to spin this.

ZH reports here that our insistence on any creditors promising not to hedge against our debt appears to have forced our hand on this and other deals. This I find very easy to believe in light of our threat to keep all specuLOLtors out of our future debt offerings. As I said at the time, this was a case of cutting off our hairy noses to spite our hairy faces.

Anyway, this sounds a lot more plausible than the idiotic Russian bailout rumours mooted by Troktiko and repeated by ZH but, given their rather poor due diligence on these stories, I think we ought to let matters come to light by themselves.

If true, this will really plunge everyone back home into some very hot water.

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