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2012-01-19 Europe

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Posted by Fred 2012-01-19 00:00|| || Front Page|| [2 views ] Top

#1 Update
See ya in court.. Ooman Rites Court, that is.
Hedge Funds May Sue Greece if It Tries to Force Loss
Hedge funds have been known to use hardball tactics to make money. Now they have come up with a new one: suing Greece in a human rights court to make good on its bond payments.
The novel approach would have the funds arguing in the European Court of Human Rights that Greece had violated bondholder rights, though that could be a multiyear project with no guarantee of a payoff. And it would not be likely to produce sympathy for these funds, which many blame for the lack of progress so far in the negotiations over restructuring Greeces debts

Posted by tipper 2012-01-19 00:46|| 2012-01-19 00:46|| Front Page Top

#2 Greek sovereign debt of 142% of GDP and 10 year bond rate of 33%. I know which way I'm betting.

And US federal debt will exceed 142% of GDP in the third year of an Obama second term. Get ready for a wild ride, whoever is in office.

Posted by Shimble Guelph5793 2012-01-19 12:13|| 2012-01-19 12:13|| Front Page Top

#3 "Talk" all you want, but the fees MUST be paid.(Lenders)

"We cant" (Borrowers).

No good will come of this.

Posted by Redneck Jim 2012-01-19 13:15|| 2012-01-19 13:15|| Front Page Top

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