Quote from Good1:
Thanks,
I'm pretty sure we used the term "swapped", at least until debit cards became popular, and maybe that's when we started using the term "swipe". But i digress.
Here's a quote from the article, which seemed pretty vague to me:
I really want to know who is this "Private Sector", all official sounding replete with capital letters and an acronym. Should i be translating this as Non-Transparent Sector Involvement (NTSI)? It seems to me that the problem could be solved by letting a few Greek citizens in on a Private Placement Program (PPP), with the understanding that they would give 70% of the profits to Greece, for humanitarian purposes.
I'm really not getting this yet. There wasn't one word about Germany in the article, and yet you say they are A.) at risk of being reamed, and, B.) in a position to be some sort of jack-booted collection agency. Which is it?
Another solution might be to just give Greece the 134 billion in 1934 Federal Reserve bonds that the Italians took from two guys trying to cross into Switzerland with them a couple months ago or so.
What i want to know is, who has so much money that they can so graciously let Greece off the hook for 100 billion...without going broke themselves? Seriously, where is the money coming from that is being loaned to Greece in the first place, far more than they can possibly repay????