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Gutless wonders.
These people have spent their entire lives being suckled at the teat of the taxpayer... why should they abandon a winning strategy now? You don't have to be especially bright to be a bureaucrat or a politician - you just need to be a complete whore who will change allegiance like the wind.
Still, it shows something, don't it... as I said in the latest OzRant, better to be on a contrarian long in the face of a possible crash, than to initiate shorts (or sell longs) at a blowoff low.
That's not precisely what I wrote but it is close enough.
