Barry Ritholtz — Greeks Stand Up to 'Lemon Socialism'

What the EU has foisted upon Greece appears to be a thinly disguised rescue for private sector (primarily German) lenders, not a plan for the future of Greece. You may not be familiar with the phrase "lemon socialism," but that is precisely what this is: private profits and socialized losses....

Excellent post by Barry Ritholtz. Kudos. Bloomberg View Greeks Stand Up to 'Lemon Socialism'