Zimmer's right. High time these mavro stavro pezevenki shistos gamore Greek's face up to there lies.
Last edited by kaya'08; 05-17-10 at 10:39 AM.
''Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said.''
Well, Greece should have taken more steps to avoid the crisis before it happened...
the central bank has taken what it previously called the nuke option, which it pledged never to pull, by purchasing public debt of certain unnamed but obviously struggling eu nations
wow!FRANKFURT — The European Central Bank disclosed Monday that it had bought 16.5 billion euros in bonds in the first week since taking the unprecedented step of intervening in markets to halt a sell-off of Greek and other European debt.
The bank did not say which countries’ debt it was buying, how much it would spend in the future, or whether it bought any corporate bonds. The 16.5 billion euros ($21 billion) was considered a relatively small amount for the market.
Analysts said the bank would want to keep investors guessing to maximize the psychological impact of the move.
remember, obama and tax cheat in chief geithner have smuged THEIR overspending fingerprints all over this profligacy
meanwhile, the plague as predicted spreads
Europe?s Debt Crisis Casts a Shadow Over China - NYTimes.com
china's currency is pressed up, her markets dragged down
remember obama's promise to double exports in his sotu?
the times does
our prez is totally inept
ominous: the vigilantes are vowing violence (institutional investors, mutual funds, pension funds, "bond market heavy hitters")
Sovereign debt 'vigilantes' make Europe pay - MarketWatch
one of em, mr gross, chief investment officer at pemco, spits contempt for the credit ratings agencies:
all too predictable"Oooh -- so tough!" Gross wrote with undisguised sarcasm in his May monthly commentary. "And believe it or not, [rating agencies] Moody's and Fitch still have [Spain's debt] as AAAs. Here's a country with 20% unemployment, a recent current account deficit of 10%, that has defaulted 13 times in the past two centuries, whose bonds are already trading at Baa levels, and whose fate is increasingly dependent on the kindness of the [European Union] and the [International Monetary Fund] to bail them out. Some AAA!"
greece's deputy tourism minister angela gerekou, a former topless model, resigned yesterday over SIX POINT EIGHT MILLION DOLLARS of unpaid personal taxes
THIS is the situation obtuse obama and his tax avoiding treasurer UNDERWRITE
good luck with all that...
Please tell me you are fuc-ing kidding me...oh, those poor, poor addicted-to-debt Greek politicians, they just HAD to buy what the drug dealer banks were selling, they had NO choice...please tell me your smarter than what you wrote...No that is not what happened. The Banks came with a new fancy product they were peddling and the Greeks bought it. It is the same crap that brought down AIG and others.
Genius - that is their JOB! Like accountants or tax attorneys, their JOB is to help their clients (i.e., Greek gov't) reduce taxes/debt whatever...Of course, but that does not excuse the investment banks helping the previous government hide the Greek debt from the auditors.. does it now..
What kind of ignorant, immature nonsense are you spewing...
They are paid to do that, have you ever had a real job?