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ES Journal - 2012
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5 yrs ago this wouldn't have been even a thought let alone a possibility,now its a reality,life in the 21st century is bend over and get used to it http://www.reuters.com/article/2012/03/01/us-markets-bonds-idUSTRE82013S20120301
Quote from ammo:
5 yrs ago this wouldn't have been even a thought let alone a possibility,now its a reality,life in the 21st century is bend over and get used to it http://www.reuters.com/article/2012/03/01/us-markets-bonds-idUSTRE82013S20120301
Can you translate for me? Basically, greece owes money to private bond holders, and ain't paying. Right?
yes and they are changing the rules,the lesser non bank based holders of those bonds are going to get a new bond of lesser value,averting a credit default swap which was their original reason /guarantee for making the loan,explained in an alpha..reference posted yesterday.. http://seekingalpha.com/article/387...tes-several-troubling-precedents?source=yahoo..every one needs to vote non rep or non dem ,we have no friends in DC,this snowball is just getting larger
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