As I said on another thread ... I thought MF Global went bankrupt gambling on European debt !
I think we have to take a look at this at a slightly different angle.
Is it really a "gamble" if you're positive the European Banks are still going to fail? If your objective is to continue to devalue the U.S. Dollar and continue to flush the toilet on this Country as fast as possible?
I don't think it's a gamble at all. I think they know exactly what it's going to do.. .I think they are counting on it.
The objective of the "Stimulus" packages was never to help the country.. it was to destroy the economy of the country.
Why not shovel the money out of the boat as fast as you can by giving it away around the world... if the object is to destroy the economy.. it's just another great way to get that done faster.