Saturday, April 09, 2011

In other news...

...Buffet says ice cream is good for you, McDonald's says there is no health risk from cheeseburgers, and GE says Nuclear power is perfectly safe. It is impossible to take these comments seriously and it is equally clear what positions they have...and of course they are the patrons of the Newport Beach crew as well.

"'For us, right now, it stops at Portugal,' Nikhil Srinivasan, Chief Investment Officer at Allianz, told journalists.

Srinivasan said Allianz was not increasing its exposure to Portugal, Ireland and Greece, the three euro area periphery countries that have been racked by investor worries over their government's ability to repay debt"

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