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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST
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To: Haim R. Branisteanu who wrote (89910)5/8/2012 1:00:24 PM
From: RJA_13 Recommendations  Read Replies (1) of 219938
 
>> Icelanders deserve slavery working conditions until ALL
the private debts are paid by their state.

Why should Icelanders, or anyone else be responsible for others private debts?

They are not responsible for them, never accepted liability for same, and IMHO,
that is as it should be.

A private bank without government guarantee, is just that: PRIVATE.

Any contract with same is subject to the risk of failure of the institution.

The exception are those countries with FDIC type arrangements, which have limits are an implied part of the contract and which are known in advance.
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