Grab yer ankles US taxpayers, Greece is here, hot & ready!

[TGregg]

Looks like it's not just Uncle Sam that's boning you from behind, the Greeks want a go of it too:

Let me start this week's Outside the Box by venting a little anger. It now looks like almost 30% of the Greek financing will come from the IMF, rather than just a small portion. And since 40% of the IMF is funded by US taxpayers, and that debt will be JUNIOR to current bond holders (if the rumors are true) I can't tell you how outraged that makes me.

http://www.investorsinsight.com/blo...x/archive/2010/05/03/the-great-reflation.aspx

 

[Wallace]

US contribution to the Greek loan is 12%

 

[Martinghoul]

http://www.ritholtz.com/blog/2010/05/us-greek-bailout-costs-tiny/

 

[crash n burn]

Quote from TGregg:

Looks like it's not just Uncle Sam that's boning you from behind, the Greeks want a go of it too:



http://www.investorsinsight.com/blo...x/archive/2010/05/03/the-great-reflation.aspx

get a grip dude

the IMF will finance greece at 5% interest, they are not giving the money way.

and since the FED prints money out of thin air, that's a pretty mice deal for the USA.

 

[dandxg]

Good post. With so much spin going on its easy to lose sight of the fact that we are bailing out Greece.

 

[shortie]

 

[dandxg]

Quote from crash n burn:

get a grip dude

the IMF will finance greece at 5% interest, they are not giving the money way.

and since the FED prints money out of thin air, that's a pretty mice deal for the USA.

I recall IMF take resources if debt isn't repaid. I think that is common gripe of the 3rd world. Corfu or Crete anyone?