Hah, now I see it. People who are in losing bond positions look for a government bailout. So instead of just living with their bad position in bonds, they spread short euros against long bonds, and hope the government will come bail them out and destroy the euro. So they short the euro, and then put all kinds of political pressure for Trichet to destroy the euro, because they were so stupid as to buy, and then hold, bonds that they don't like.QuoteOriginally posted by: Martinghoulsomething compelled me to place some trust in the European powers that be and I bot some peripheral paper.You deserve to go entirely fucking broke and sleep on the sidewalk. Sovereign credits are supposed to be sovereign, not "We take huge gambles, when we win we are brilliant, when we lose the government comes and makes us whole."That is disgusting. Hold onto your bonds. If the government who sold them pays the coupons, you are okay. If not, you are an idiot. If you get margined out before they pay the coupon and before prices recover, well... I guess it makes perfect sense you putting trust in the government and not yourself!This is worse than going long Morgan Stanley and shorting Goldman Sachs. It is like shorting Morgan Stanley, going long Goldman, and then demanding the government prosecute Morgan Stanley for Goldman's crime, and let Goldman Sachs off the hook! I know that is what trading has become, lobbying. Or maybe always was! But it is really pathetic! You should all be put out of business.