SI
SI
discoversearch

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.
Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (28756)4/7/2010 11:53:36 AM
From: Wayners1 Recommendation  Read Replies (1) | Respond to of 103300
 
It is complicated but in a nutshell what you wrote is what happened. Foreign Government stole innnocent people's money to pay off their depositors who didn't have insurance to begin with. UK claims EEA Treaty covered...total BS. YOu can read the treaty yourself and come to the same conclusion. Although the article doesn't come out and say nobody had insurance before the default, it's clear they didn't otherwise why would Government's pass laws to provide insurance after the default.