Article

2011-10-22 Europe

Cash-strapped Greece turns to God for help

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Posted by tipper 2011-10-22 03:58|| || Front Page|| [2 views ] Top

#1 20-50% write off for Greek bond holders. Soon to to happen. Italy is not far behind. Market is enjoying a false hope of recovery. What has been fixed?. When the shoe falls our Fed will ride in to rescue. Tremendous pressure on Ben to have things look good at election time. He has to hold out as long as possible to make this work at the right time. Each fix doesn't last as long as the previous one. In election times, business always drops for most in business, in my opinion.

Posted by Dale 2011-10-22 09:33|| 2011-10-22 09:33|| Front Page Top

#2 FT Says "EU looks at 60% haircuts for Greek debt"

Posted by Bright Pebbles 2011-10-22 10:03|| 2011-10-22 10:03|| Front Page Top

#3 BP have a look at who the bond holders are:

http://www.businessinsider.com/the-20-parties-most-exposed-to-a-greek-default-2011-6?op=1

EU is going to shoot themselves in the foot.

Posted by Dale 2011-10-22 10:20|| 2011-10-22 10:20|| Front Page Top

#4 It's starting to become clear now. Why did Buffett put all that money into BOA. I understand that BOA has shifted exposure to the banking side. So bailout will occur there first 20-60%.

Bank of America Lynch[ing this] CountryWide's Equity Is Likely Worthess and It Will Rape FDIC Insured Accounts Going Bust
Source: | 22 Oct 2011 | 4:50 am PST

Get this, the derivatives people get first crack at FDIC money. Buffett is big in derivatives. Look, I'm just an average guy but this stinks. The dealer is looking out for the house.

Posted by Dale 2011-10-22 10:50|| 2011-10-22 10:50|| Front Page Top

#5 More Mosques in France than Churches - the bulk of the NATO-EU has already been [legally]outflanked.

With "EYES WIDE OPEN".

ISLAM = RADICAL ISLAM? IS AT THE CHANNEL, + THE ROYAL NAVY ISN'T BIG ENOUGH OR STRONG ENOUGH ANYMORE TO EFFEC STOP THEM FROM CROSSING OVER, espec vee the Chunnel???

Posted by JosephMendiola 2011-10-22 22:15|| 2011-10-22 22:15|| Front Page Top

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