Chelsea's husband is a vivid illustration of crony capitalism. In fact,

[zentrum]

67. Can you explain

……something to me? As I read about his fund he bought Greek Bank debt and then betted that the Greek economy would recover.

Did he hope that it would recover (only in the narrow sense of course, in that the bankers would get their money back) because the people accepted austerity? I don't understand how it works.

My metaphor for all this is that there's a sick person and a hedge fund operator pays the medical bills, with other people's money, and bets that the patient will get better. The people who gave the hedge their money hope to get repaid with interest because the once sick person is going to work his ass off as soon as he gets better. Is that an apt analogy?

And if the patient dies——the bottom line is, all these people who tried to profit off a sick person, are screwed. But what would have been the effect if the patient had, in fact, gotten better?