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BankingNews.gr Scrambles To Refute Rumors Of A "Greek Bank Bankruptcy"

Submitted by Tyler Durden on 04/27/2010 09:22 -0400

Crude
Google

Because we all know rumors are always false. Bankingnews.gr admoinishes its readers (courtesy of crude Google translation) to "not be carried by rumors of bankruptcy bank - is completely unfounded." With the entire Greek airforce calling in sick, could Goldman just be a smokescreen to the Persian invasion?

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Tue, 04/27/2010 - 09:25 | 319424 ZackAttack

This shouldn't surprise anyone. I honestly can't imagine why any Greek with a sense of history would leave their money in a domestic bank.

In Argentina, only the very first to panic actually managed to preserve anything.

Tue, 04/27/2010 - 09:42 | 319449 Sudden Debt

It's was actually the one saying "don't panic, everyhing is well" that preserved his wealth. ;)

Tue, 04/27/2010 - 10:53 | 319625 seventree

On his way out the bank door with 2 large satchels.

Tue, 04/27/2010 - 09:25 | 319426 sushi

Quote from Bankingnews.gr:

"The Greek market is collapsing, the spreads reflect the bankruptcy and epanadiparagmatefsi debt. . ."

I knew that epanadiparagmatefsi debt would get somebody in the end.

Tue, 04/27/2010 - 09:30 | 319434 Mitchman

Is there an antibiotic I can take against that?

Tue, 04/27/2010 - 09:37 | 319440 ambrosiac

"epanadiparagmatefsi"

Aw, it just means "renegotiation". Officially.

[ In slang it means "snakeoil-lubricated scissors" ]

Tue, 04/27/2010 - 09:27 | 319429 Racer

And the market is expected to believe rumours of Greek bailout, but not rumours of Greek default/bankrupt bank!

Tue, 04/27/2010 - 09:28 | 319430 ZackAttack

The facts, as you are doubtless aware, have a well-known bullish bias.

Tue, 04/27/2010 - 09:46 | 319456 sushi

+3600

Tue, 04/27/2010 - 09:28 | 319431 BobPaulson

MSM had it on the front page in Canada that European debt was going TU.

I SOOO want this nonsense to end. I can't invest in anything right now because I'm too emotionally hooked to wanting this debt bubble to pop.

Tue, 04/27/2010 - 09:30 | 319435 HarryWanger

Getting lost in all of the Greek talk is the strong numbers in the US this morning. We saw strong numbers from Dow components Dupont and 3M as well as much improved housing prices and retail.

Let's focus on what's important in this country right now. I believe those numbers will bring us green by the end of the day.

Tue, 04/27/2010 - 09:42 | 319450 Selah

Numbers don't matter. We will be green by the end of the day, regardless...

That's what stocks do; they go up!

Tue, 04/27/2010 - 09:46 | 319459 Hulk

Much improved housing prices

.6% increase in FEB, BFD.

How much you paid to spread sunshine?

Tue, 04/27/2010 - 09:49 | 319461 ZackAttack

Yes, but one reason to pay attention to this is because markets should be forward-looking.

Wouldn't you agree that in this, the best of all possible worlds, the prospect of higher rates for sovereign debt would be the single greatest danger to the glorious recovery in which we are now basking?

Tue, 04/27/2010 - 10:42 | 319478 docj

much improved housing prices

Uh, not so much it seems.

http://www.zerohedge.com/article/february-case-shiller-home-price-unadju...

Feel free to sell crazy all you want. The market sure seems to be buying it in bushels.

Tue, 04/27/2010 - 10:00 | 319481 BorisTheBlade

Good to see some scholars of Mike Norman school of economics on ZH: http://www.youtube.com/watch?v=Fd5H2hkcGso

Tue, 04/27/2010 - 10:37 | 319541 glenlloyd

much improved housing numbers? As in juiced by tax incentives? I would suggest that we wait until the incentive is gone before we get too hyped about a better housing market. There's clearly too much overhang now to even discuss this.

I too am interested in how much you make spreading faux sunshine.

Tue, 04/27/2010 - 10:38 | 319587 Attitude_Check

Your posts make soooo much more sense when I assume you are being highly sarcastic and satirical!

Tue, 04/27/2010 - 09:35 | 319437 Absinthe Minded

I hope Dupont is coming out with a tasty synthetic olive oil.

Tue, 04/27/2010 - 09:41 | 319442 Sudden Debt

The world is filled with liars spreading "rumors".

Just like that guy who was saying "the Earth is round and orbits arround the sun". YEAH RIGHT!

We put a big stone arround his neck and threw him into the river.

GUES WHAT!! HE WASN'T FLOATING!!! PROOF HE WAS A LIAR!!!

Tue, 04/27/2010 - 09:52 | 319468 Mae Kadoodie

I get it Harry, bullish global news=bullish...bearish global news=circle the wagons & sing kumbayah.

Tue, 04/27/2010 - 10:15 | 319522 Oso

this is as good a time as ever for Turkey to get back in the saddle. They're pissed off enough anyway for the garbage treatment they have been getting from xenophobe Euros.

Tue, 04/27/2010 - 10:23 | 319540 yabs