Hasnain says:

The headline is provocative and the article is kinda biased but this has some good points. Especially

"Trichet made a colossal, elementary mistake. The right place for risky debt by definition is in the private markets, like Goldman. The entire point of private debt investment is that those creditors are prepared for a haircut. The risk absolutely should not be borne by central banks who rely on taxpayer money for bailouts."

Could someone explain why they ever thought that was a good idea? I'm genuinely curious

Posted on 2015-07-06T11:05:44+0000