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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (26775)6/24/2011 7:56:33 AM
From: Giordano Bruno1 Recommendation  Respond to of 119360
 
Derivatives Cloud the Possible Fallout From a Greek Default

The uncertainty, financial analysts say, has led European officials to push for a “voluntary” Greek bond financing solution that may sidestep a default, rather than the forced deals of other eras. “There’s not any clarity here because people don’t know,” said Christopher Whalen, editor of The Institutional Risk Analyst. “This is why the Europeans came up with this ridiculous deal, because they don’t know what’s out there. They are afraid of a default. The industry is still refusing to provide the disclosure needed to understand this. They’re holding us hostage. The Street doesn’t want you to see what they’ve written.”

nytimes.com



To: Giordano Bruno who wrote (26775)6/26/2011 1:54:23 PM
From: Pogeu Mahone  Respond to of 119360
 
Pure fantasy.



To: Giordano Bruno who wrote (26775)6/26/2011 2:23:07 PM
From: saveslivesbyday  Read Replies (1) | Respond to of 119360
 
The CDS's are again the problem, just like in 2008.

It's amazing that so many smart people around the world let the banks and bank regulators get away with this.

The buyers are betting that Greece will fail. The sellers have no way to pay out if they are called.

Pure greed on both sides of the trade, and now we're back to square one.