2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Haim R. Branisteanu who wrote (64000)	5/31/2010 10:01:21 AM
From: Kayaker	6 Recommendations Read Replies (2) of 217764

<< restructuring sovereign debt of Greece or Portugal NOW it will serve no constructive purpose >> It makes a HUGE difference. Greece should have been allowed to default on its debt. It's the German, Swiss, French banks that would lose, i.e., those that make the risky bets lose. Instead, they lobby the governments to backstop their idiotic loans with taxpayer dollars. It only ENCOURAGES risky lending to countries they KNOW can't afford to pay it back. The banks are the greedy ones. They would never make those loans if they knew governments and taxpayers weren't going to bail them out. Look at Eric Sprott's latest to see the ridiculous leverage of the German banks. sprott.com << just imagine the horrendous damage those speculators could inflict >> Those betting against sovereign debt (those nasty speculators) aren't the greedy ones. They are taking big risks and they won't get bailed out with taxpayer dollars if they are wrong. They shine a light on risky lending that should never have occurred in the first place.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next