|November 13, 2012, 20:35||#1|
FALaholic #: 404
Join Date: Jul 2000
Location: Tallahassee, FL,, USA
Greece, haircuts, and changes in perspective
Taken from ekathimerini.com:
From Behind her (International Monetary Fund chief Christine Lagarde's) sharp exchange with Eurogroup chairman Jean-Claude Juncker lies a rift over whether eurozone governments need to write off some of Greece's debt to them to make it manageable. IMF officials have pressed for such a «haircut» while Germany, the biggest contributor to euro zone bailout funds, has vehemently rejected it as illegal.
Funny how PRIVATE investors were "encouraged" to voluntarily take a haircut (lose more than half their investment), while suggesting that governments do the exact same thing is decried as "illegal"................
There's nothing more dangerous than a colossal, bankrupt, and well-armed government---Porter Stansberry
|November 14, 2012, 06:46||#2|
Acquisition Corp Dude
FALaholic #: 748
Join Date: Aug 2000
Location: Omaha, Nebraska, USA
Zee Germans mus du everysing by zee buch. Besides I think they are holding out that the Greeks may pay them back with an island or two.
1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised.
2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion.
|November 14, 2012, 08:19||#3|
FALaholic #: 19255
Join Date: Feb 2006
Our gov. in it's wisdom just took half our money (investments and savings included) by inflating the currency.
"The bandwagons rumble past. I sit here on the curb,"
~ John Hartford ~
"Nil desperandum, -- Never Despair. That is a motto for you and me. All are not dead; and where there is a spark of patriotic fire, we will rekindle it."
~ Samuel Adams ~