The International Monetary Fund and the Greek Bailout

My equities buying decision of last week now seems wise. At least for the first hour of trading. One dynamic of the Greek bailout that I didn't see coming was the FOX news attack. Already this morning we had a commentator describing the IMF involvement in the Greek bailout as putting the US taxpayer on the hook for the cost. I had to scratch my head at that one. IMF assistance is primarily advisory with some lending (not grant) to the affected country. If there is interest I can get into the details of the mechanics of Special Drawing Rights, etc and how the IMF works.

What is of concern is the FOX news attitude of whatever happens around the world is immediately politicized through their lenses. It will, I'm sure, rile some people up to demand that Greece be allowed to fail. Damn the consequences. Is there a masochistic streak in these FOX Republicans? I know they were spending some RNC money on bondage clubs, but come on...

Look, I've never been a big fan of the Greeks and their economic system. It combines an incredible sense of socialistic entitlement with absolute focus on self enrichment at the expense of their countrymen. If you are committed to the "European social model" then PAY YOUR TAXES.