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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Giordano Bruno who wrote (42549)9/27/2011 3:41:36 PM
From: Les H1 Recommendation  Read Replies (2) of 119360
 
If it doesn't go through, it's Springtime for Hitler.

interesting

after Greece passed a vote in which it promised to promise to promise to consider collecting 1998-1999 taxes (even as all of its tax collectors are about to go on permanent strike), the FT was breaking news that while the Troika was "bailing out" Greece in the past years, the country was spending itself into an even greater oblivion. As a result, the terms of the July 21 Second Greek Bailout will most certainly need to be renegotiated, with banks having to take even greater write downs on the bond exchange, and with far more capital having to be injected into the country. The result is the France and the ECB are panicking because as we all know, any additional write downs will expose just how undercapitalized French banks already are (no need to even mention the world's most toxic hedge fund: Trichet et Cie).

zerohedge.com
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