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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (6678)	11/2/2011 7:58:08 PM
From: Investor2	1 Recommendation Respond to of 10065

Re: "Do you really think hedge funds holding this sovereign debt really going to take a voluntary 50% haircut?" I find it interesting that Greece is being offered forgiveness of 50% of their debt and they are essentially saying, "I don't know; let me think about it. I'll get back to you." The common Greek people that will control the referendum will probably want to "stick it to the rich" hedge funds, banks, etc., and turn down the offer. Best wishes, I2

To: MrGreenJeans who wrote (6678)	11/3/2011 10:23:17 AM
From: MrGreenJeans	1 Recommendation Read Replies (2) \| Respond to of 10065

Berlusconi Arrives at G-20 ‘Empty-Handed’ After Revamp Vow Prime Minister Silvio Berlusconi arrived at today’s Group of 20 summit with pressure mounting on him to overhaul Italy’s economy after European leaders for the first time raised the prospect of the euro area splintering. Berlusconi is going “to Cannes empty-handed,” Il Sole 24 Ore, Italy’s leading financial daily, said in a front-page editorial Gotta" love the Europeans! I laughed so hard when reading this article the coffee I was drinking skyrocketed from mouth, nose and ears. Why not be done with it and have Greece, Italy and whoever chooses default? This way their economies can take the next ten years to recover on their own. I am beginning to think this is the best solution.