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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: frankw1900 who wrote (20194)	12/19/2011 10:43:15 AM
From: ahhaha	Read Replies (1) \| Respond to of 24758

Short term they can raise money but it has to be rolled. They raise the money and then have to give it back in a short period. How can they use the money? You could say that they're trading the float. But a bond is another thing. Precisely. You get time through a bond to do something like fund governmental lascivious living. Also, is the ECB actually impeded from taking Greek bonds as collateral? How can you say collateral and Greek bonds with a straight face? Greek can't pay so the value of the collateral is near zero. Accordingly, there's no way that Draghi's ECB would recognize them as valid collateral. Lots of desperate banks in Europe. There's plenty of money available under conditions, conditions which most financial institutions find onerous depending on where they're located. It's a matter of trust and trust arises from performance. These EU weak sisters have a societal structure that prevents them from performing. If they go bust, the societal structure changes, and then they would be able to perform. What I'm saying here is that fear is preventing a rational solution. Socialism is preventing creative destruction from clearing the deck