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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (247516)5/10/2010 1:36:13 PM
From: ChanceIsRead Replies (2) of 306849
 
>>>Why the fcuk are we bailing out Greek banks?<<<

Patron. Patron. Patron. Don't worry. Its OK to do a brain prolapse every so often. We have all been under a lot of stress. Having said that, your question is one of the truly naive ever put forth on the board.

If Greek banks collapse, then French and Swiss banks collapse. If French and Swiss banks collapse, then Goldman collapses - again. At least this way, Goldman has time to sell all of its Greek, French and Swiss holdings to its clients, and get synthetically short. Did you read that Goldman had a perfect - no trading loss days - Q1? Need some real creativity to do that for two Qs in a row. Gotta pull out all of the stops.

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