The weekly: Greece to default/restructure THIS weekend? thread

Quote from morganist:

Why not just have a a new SDRM. Read my post on my webstie National Insolvency Products.
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except for martinghoul, who enjoys being bitchy, but at least can be tolerated because he is knowledgeable, people who use obscure acronyms are usually clueless and trying to hide it.
sdrm- Sovereign Debt Restructuring Mechanism
 
SocGen was quite weak between 9.30am ET and 11.30am ET today.

Not sure if this is relating to fears of mark-to-market on its Greek assets, or just general fears about the bank overall.

Even now it is only at 5.50 x 5.54 (US ADR illiquid compared to French listing), up about 2% compared to a much stronger bank sector.
 
Quote from zdreg:

except for martinghoul, who enjoys being bitchy, but at least can be tolerated because he is knowledgeable, people who use obscure acronyms are usually clueless and trying to hide it.
sdrm- Sovereign Debt Restructuring Mechanism
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No. I just used it to shorten it.

I think the main problem with the current system is it has a huge maturity payout. If they included the principal repayments with the interest payments it would make the payment more flexible.

I don't know if that would work in Greece but other countries Britain for example could benefit.

Also my main gripe is that the repayment is based principal investment. This is not viable as global production declines.
 
Quote from Scataphagos:

Uh, no. That's a price chart.
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This is exactly what I was saying yesterday and everyone thought I was being an idiot. The top of the page clearly said value not yield or interest. Thus I thought it was a discounted bond price rather than the yield.

It turns out that the Greek economy is so bad it might as well be a yield. LMAO.
 
It's a "yield"in reality.....all the smart people know what the hell is going on with Greece.

Let the chips fall where they may with the Sheepole.
 
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