Silicon Investor (SI) -- The First Internet Community

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 : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (72936)	3/19/2010 4:39:56 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

Do you really think this IS feasible? I am not so sure EU has a problem - they let in Greece who cheated on their finance with ample help from GS and the like. In a normal society the person or corporation chieftains that cheated on his/her finances to receive a loan (issue public debt) according to USC Title 18 is expected to a hefty fine and up to 30 years in jail. Well Enron or Worldcom are examples, who did the same tricks like Greece, and as Greece with the help of WS thieves and swindlers like JPM, GS, LEH, MS etc. Unfortunate State Governments can not be send to jail. Did the shareholder and pension receivers of Enron and Worldcom suffer financial hardship? Of course - then why not the Greeks? (OOPS forgot LEH and BS) The problem with Greece is that it is not a corporation or individual but a nation and a state. The gravest aspect of the Greece fiasco is the fact that the present government takes the cheating in a “cavalier” way and has the arrogance to complain about high interest rates. Now in a normal world if you know that the guy you are lending money to is a cheater would you charge a low interest rate? Well the guy should be happy that he will get a loan after all. … and this is in essence the problem with Greece. I only hope that he IMF will coordinate their stance with the EU and tell the Greek government – present reforms not enough – adjust you social benefits and more so the retirement age ABOVE the EU average and pay your debt FIRST. Rioting? No problem Greece has an more than adequate army to install marshal law, for a change instead of irritating the Turks (who are no better) they should put their own house in order and NOW!! Then I assume money will flow to Greece much easier.