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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (64009)	5/31/2010 2:25:55 PM
From: Kayaker	5 Recommendations Respond to of 217764

<< What will the market, you and I gain if Greece restructures their debt now? NOTHING - who will loose if the restructuring will be postponed 16 to 20 months? >> There is huge moral hazard in dragging this out. The sooner a default occurs, the sooner governments will learn to live within their means, and banks will learn they are on their own if they make stupid loans. Dragging this out is a huge overhang on the markets and economy. A default is not without pain, but it's better than dragging it out and continuing the illusion that Greece and the banks will be bailed out. << thanks to your president BO who is corrupt like sin >> And you're telling me I don't know what's going on. Dude. BO is YOUR president. The USA is a foreign country to me.

To: Haim R. Branisteanu who wrote (64009)	5/31/2010 4:30:56 PM
From: Golconda	2 Recommendations Read Replies (1) \| Respond to of 217764

if everybody acknowledges that greece can't pay it's debts what is the issue with admitting that now? if the restructuring is delayed by 16 to 20 months the losers will be those who have to contribute another €30 billion or so in the meantime. I have no issue with anyone losing their shirts whether they be Soros and co, the greedy bankers lending the greeks money in the first place or indeed the greeks themselves for borrowing money which they could not repay.