There is often only a small step between a disgruntled shareholder and an angry voter: if someone is furious over an investment going down in flames, if the company involved has a thick skin, who better to blame than the government? Governments, of course, prefer to redirect flak. The scenario has just been played out to perfection in Germany an election around the corner, an icon company that inspired many cautious citizens to dabble in the market for the first time, and a fall guy.
Deutsche Telekom is a stock so widely held that it has become...