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Here Comes The Greek Brady Plan Together With 35% Bond Haircuts...And A Caption Contest

Tyler Durden's picture


Just in case you were expecting a full recovery on those Greek bonds stashed away under the mattress (ahem ASSGEN) here comes Euro Intelligence to spoil your day (and maybe, just maybe, wreak some havoc with your CDS). In a nuthsell: we are about to see a Brady plan with 35% haircuts. If true, we may be seeing some pretty interesting unintended consequences in the near to very near-term future.

From Euro Intelligence:

We think this story from To Vima
in Greece is true. It contains a lot detail about discussions currently
under way for a future Greek debt restructuring. The paper says that
the EU, IMF and the ECB have reached basic agreement that a debt
restructuring for Greece is inevitable, with the following concrete
options being discussed. 1. A haircut of 35%. Technically, this will be
an exchange of existing bonds with bonds of 65% of their value. 2. A
bond swap to 30-year bonds with low interest rates. 3. A new loan
package of 25% of the previous volume. The paper recalls the Brady plan,
under which the US organised a similar debt swap for Latin American
debt, with the help of a Fed guarantee. The paper also quotes Greek
sources as confirming that they no longer expect the rebound of growth
to happen immediately.

More importantly, here is today's caption contest. The winner gets to cross their ZR bid which at last check was locked limit up.

Have at it.



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Mon, 01/31/2011 - 14:41 | 921066 Buckaroo Banzai
Buckaroo Banzai's picture

Angela Merkel looks like its been at least 3 weeks since she's had a satisfying dump.

Mon, 01/31/2011 - 15:25 | 921113 hedgeless_horseman
hedgeless_horseman's picture

You should see Leo.



"No way I take a bullet for any of these three.  After what I just heard in there, I'm buying some gold, bitches," thinks Paulo the security attaché member on the right. 

Mon, 01/31/2011 - 14:52 | 921138 whatsinaname
whatsinaname's picture

And we still are not done paying for the Brady plan ... haha

Mon, 01/31/2011 - 15:17 | 921262 nope-1004
nope-1004's picture

Sarkozy:  "That person just dropped a $20..... garcon?"

Merkel:  "Hmmm.... The Arby's sign over there says All U Can Eat."


Mon, 01/31/2011 - 15:25 | 921292 VegasBD
VegasBD's picture

Sarkozy:  Why is your right boob 35% lower than your left?

Merkel:    I don't know but I like that number, run with it.

Mon, 01/31/2011 - 17:13 | 921685 4xaddict
4xaddict's picture

winner right here folks!! Fuck that's funny, seriously that is some comedy gold!

For the record could she look any worse and why is there 3 pockets on her blazer?

Mon, 01/31/2011 - 17:32 | 921763 I Am The Unknow...
I Am The Unknown Comic's picture

The 4th pocket was picked by The Bernanke.  She's telling Sarkozy "I really don't mind because now my right tit can go commando"

Mon, 01/31/2011 - 17:54 | 921883 nonclaim
nonclaim's picture

Good one! The other three pockets showing look like inside out, I think she has not one penny left to tell the story.

Mon, 01/31/2011 - 18:12 | 921957 I Am The Unknow...
I Am The Unknown Comic's picture

So then Sarkozy says "if I hold my fist about this level I can prop up your tit like we prop up the PIIGS"

...and then Papandreou says "No my friend, for this task you need TWO hands, at about THIS level!"

Mon, 01/31/2011 - 21:53 | 922439 Problem Is
Problem Is's picture

Merkel... The European Hillary...

Mon, 01/31/2011 - 17:19 | 921709 flacon
flacon's picture

"Mr. Baroso looks like he's seen a ghost!"

Mon, 01/31/2011 - 18:03 | 921908 WaterWings
WaterWings's picture

Barroso: "Puta madre. Why the hell did I listen to that Berlusconi. And where the hell am I going to hide my gold."


Schumer on schumer hitting the fan and no Supreme Court:

Mon, 01/31/2011 - 22:17 | 922509 jeff montanye
jeff montanye's picture

thank you for that link.  even when i pulled for the democrats, i always disliked him.  now i know he's not even very smart.  what a jackass. 


Mon, 01/31/2011 - 15:24 | 921270 whatz that smell
whatz that smell's picture

sarkozy: "hey angela, have you seen my bob dole impression?"

merkel to herself: "oh shit. not again."

Mon, 01/31/2011 - 15:27 | 921301 downrodeo
downrodeo's picture

Merkel: 'lord o' mercy, I could really use a shoulder rub right about now...'

Mon, 01/31/2011 - 16:19 | 921430 attst487
attst487's picture

Sarkozy: "This is how I hold the phallic toy when I'm preparing to shove it up all of Europes posterior."


Merkle: "Hehehehe....did I dooo thaaaat?"

Mon, 01/31/2011 - 14:54 | 921154 gold mining ceo...
gold mining ceos are idiots's picture

Whose going to tell Jamie and Lloyd?

Mon, 01/31/2011 - 15:08 | 921214 sabra1
sabra1's picture

wrong again! Sarkozy is holding her colostomy bag!

Mon, 01/31/2011 - 15:10 | 921229 JackieTreehorn
JackieTreehorn's picture

I can't believe how hot she is.

Mon, 01/31/2011 - 22:00 | 922458 Problem Is
Problem Is's picture

Logjammers, Jackie...

"Lord. You can imagine where it goes from here."

"He fixes the cable?"

"Don't be fatuous, Jeffrey."

Mon, 01/31/2011 - 15:33 | 921320 BorisTheBlade
BorisTheBlade's picture

You could use more than 160 symbols, it's not a fucking Twitter, it's a Zerohedge.

Mon, 01/31/2011 - 15:33 | 921322 walcott
walcott's picture


Mon, 01/31/2011 - 15:35 | 921332 Reggie Middleton
Reggie Middleton's picture

the EU, IMF and the ECB have reached basic agreement that a debt restructuring for Greece is inevitable, with the following concrete options being discussed. 1. A haircut of 35%. Technically, this will be an exchange of existing bonds with bonds of 65% of their value. 2. A bond swap to 30-year bonds with low interest rates. 3. A new loan package of 25% of the previous volume. The paper recalls the Brady plan, under which the US organised a similar debt swap for Latin American debt, with the help of a Fed guarantee. The paper also quotes Greek sources as confirming that they no longer expect the rebound of growth to happen immediately.

That really sounds an awful lot like the conclusion that I came to as well as the 3 solutions that I proposed. An awful lot...

From A Comparison of Our Greek Bond Restructuring Analysis to that of Argentina).


Mon, 01/31/2011 - 15:52 | 921378 BorisTheBlade
BorisTheBlade's picture


In your analysis the closest scenario of haircut is 38%, which assumes doubling of maturity with sustained coupon on the bonds, which 'is extend and pretend' for twice as longer, which in turn could mean there cold be another haircut down the road or a prolonged default.

Mon, 01/31/2011 - 18:21 | 921988 Reggie Middleton
Reggie Middleton's picture

This was just an illustration of the similarities I'm my proposed solutions and that of the one proposed in Tyler's post. The numbers above were for Portugal, not Greece.
Btw, even with the haircut in post, there could still be another haircut and/or default.

Mon, 01/31/2011 - 15:49 | 921371 I am more equal...
I am more equal than others's picture


Lili Van Merkel singing:

Here I stand, the goddess of the euro

I set the isles on fire 

I have this power

Morning, noon, and night, it's dwink and dancing

Some quick womancing

And then a shower.

Das Greeks constantly suwwound me

They always hound me, with one wequest.

Who can satisfy their lustful habits?

I'm not a wabbit.

I need some rest..


Mon, 01/31/2011 - 16:11 | 921422 hedgeless_horseman
hedgeless_horseman's picture

Lili. Lili, Lili, Lili, legs, Lili, Lili... I cannot finds the words to truly express my joy at the rekindling of our association.

Mon, 01/31/2011 - 14:41 | 921068 Oh regional Indian
Oh regional Indian's picture

If you can hide Merkel's underlying assets, she'd be a derivative bombshell.

Sacre Bleu!!!


Mon, 01/31/2011 - 15:39 | 921342 Sophist Economicus
Sophist Economicus's picture

ORI - you got a face lift!   Congrats...;)

Mon, 01/31/2011 - 22:40 | 922558 Oh regional Indian
Oh regional Indian's picture

Thanks SE. :-)


Mon, 01/31/2011 - 14:41 | 921070 truont
truont's picture

"What do you mean the Greeks are broke?!"

Mon, 01/31/2011 - 14:43 | 921080 Aknownymouse
Aknownymouse's picture

"What the fuck are we gonna say now?"

Mon, 01/31/2011 - 14:43 | 921081 EscapeKey
EscapeKey's picture

I hope the major European banks have plenty of reserves.

Ah, who are we kidding, they all sold their bonds to the ECB. The only ones in private taking a haircut is pension funds.

Mon, 01/31/2011 - 15:14 | 921246 buzzsaw99
buzzsaw99's picture


Mon, 01/31/2011 - 14:44 | 921086 assumptionblindness
assumptionblindness's picture

Joran van der Sloot gets a EMU photo bomb!

Mon, 01/31/2011 - 14:58 | 921173 Orly
Orly's picture

I see him!


Mon, 01/31/2011 - 14:44 | 921087 Tic tock
Tic tock's picture

I think you should tell them

Mon, 01/31/2011 - 14:45 | 921088 LostWages
LostWages's picture

Ugh!  Angela's sauerkraut farts smell as bad as the Greek bonds.

Mon, 01/31/2011 - 14:45 | 921092 Aknownymouse
Aknownymouse's picture

"Where do you think Mubarak is hiding now ?"

Mon, 01/31/2011 - 15:09 | 921224 sabra1
sabra1's picture

Camp David?

Mon, 01/31/2011 - 14:46 | 921098 traderjoe
traderjoe's picture

"Do you think anyone will believe us this time?"

Didn't Leo suggest to buy long-term Greek bonds?

Mon, 01/31/2011 - 14:46 | 921099 Johnny Lawrence
Johnny Lawrence's picture

"You know what they say about Greeks."

Mon, 01/31/2011 - 16:22 | 921447 attst487
attst487's picture

yeah johnny, put em in a bodybag!

Mon, 01/31/2011 - 14:46 | 921100 Humpty Pundit
Humpty Pundit's picture

Lose some weight Bitchez!

Mon, 01/31/2011 - 14:46 | 921104 williambanzai7
williambanzai7's picture

Why do you persist in asking her for a rim job?

Mon, 01/31/2011 - 15:08 | 921212 almost_have_a_name
almost_have_a_name's picture

I think I broke a rib reading that line.

Mon, 01/31/2011 - 18:54 | 922079 Miles Kendig
Miles Kendig's picture

All Crack-berry addicts know about RIMM jobs....

Mon, 01/31/2011 - 14:46 | 921105 topcallingtroll
topcallingtroll's picture

I guess i should have known merkel was just another pain slut. She is making a huge mistake. Dumbazz bitch. You were supposed to roll that shit up into 1000 year reichbonds.

Mon, 01/31/2011 - 14:46 | 921106 savagegoose
savagegoose's picture

greek guy " errm i left my wallet in my other coat , you'll have to pay angela "

other guy, " ill toss you for it "

ngelas driver " doh! "

Mon, 01/31/2011 - 14:46 | 921108 10kby2k
10kby2k's picture

"I promise I'll get it up tonite"

Mon, 01/31/2011 - 15:37 | 921326 whatz that smell
whatz that smell's picture

sarkozy to translator: "merde! how do you say douche in german?!?"

Mon, 01/31/2011 - 14:47 | 921109 SignsAndWonders
SignsAndWonders's picture

Sarkozy to Merkel: You know this is the line for Berlusconi's latest party, right?

Mon, 01/31/2011 - 14:47 | 921110 Commander Cody
Commander Cody's picture

Then we all agree - on a long enough timeline the survival rate for everyone drops to zero.

Mon, 01/31/2011 - 15:16 | 921254 stewie
stewie's picture

Ha!  Never realized ZH was referring to Fiats with that quote!

Mon, 01/31/2011 - 14:47 | 921111 etrader
etrader's picture

carla bruni makes a last minute adjustment to her dress which takes onlookers by surprise...

Mon, 01/31/2011 - 14:47 | 921114 Caviar Emptor
Caviar Emptor's picture

Oh stop acting coy and superior, Angie, and spread the gravy around and thick! 

We're so far beyond anything resembling haircuts, bankruptcies or fails of any kind that we're going to question your whole spirit of pro-growth, pro-democracy, pro-ariba_ness and start wondering if you're not part of the great communist conspiracy and a child abuser. 

These times call for the toughness to indulge on a grand scale! These times call for leadership in spending and pretending! This ain't no party, this ain't no disco. 

Mon, 01/31/2011 - 14:48 | 921115 irishlink
irishlink's picture

I am sure this will delay the bank stress tests!

Mon, 01/31/2011 - 14:48 | 921116 stormsailor
stormsailor's picture

you mean they are going to stick it in 35% deeper?

Mon, 01/31/2011 - 14:49 | 921119 carbonmutant
carbonmutant's picture

Reuters quotes a board member of the Bank of Portugal as saying the Greek fiscal plan is not working. The conditions were imposed, unrealistic and cannot be sustained, according to Teodora Cardoso. The Markets are reacting to that, Cardoso said.

Mon, 01/31/2011 - 14:52 | 921137 Tyler Durden
Tyler Durden's picture

In other words the Pot goes nuclear on the Kettle... Someone not sticking to the script.

Mon, 01/31/2011 - 14:53 | 921147 EscapeKey
EscapeKey's picture

Or someone is trying to negotiate a better deal for his country.

Mon, 01/31/2011 - 15:21 | 921277 Dick Darlington
Dick Darlington's picture

Spot on!

Mon, 01/31/2011 - 20:26 | 922296 blindman
blindman's picture

dude looks like a lady.

Mon, 01/31/2011 - 14:55 | 921155 carbonmutant
carbonmutant's picture

There are times when self interest will trump a script...

Mon, 01/31/2011 - 14:50 | 921122 dukeland
dukeland's picture

"Does it look like we are praying? Yes, we are... for a miracle to save from the impending contagion"

Mon, 01/31/2011 - 14:50 | 921123 HamyWanger
HamyWanger's picture

And equities keep rallying.

Another time, ZH permabears. The collapse is not for today.

Mon, 01/31/2011 - 15:52 | 921377 topcallingtroll
topcallingtroll's picture

I want to hear from the real deal HarryWanger, not his brother Hamy who I suspect is my arch nemesis JW trolling you guys. Who is the real Hammy Wanger? Ilene...are you trolling?

Mon, 01/31/2011 - 14:50 | 921126 InconvenientCou...
InconvenientCounterParty's picture

lift and separate... The testicles before carrying out the haircut.

Mon, 01/31/2011 - 22:05 | 922474 Problem Is
Problem Is's picture

Nice one... Was that The Merk's advice or Rat-kozy...

Mon, 01/31/2011 - 14:53 | 921129 Orly
Orly's picture

Sarkozy again baffles his peers by continually playing with his "invisible magic wand" in public.

Mon, 01/31/2011 - 15:53 | 921380 Bananamerican
Bananamerican's picture

i zay ve vish in vun hand und poop in ze ozerr und ze vich vun feelz up queeker....

Mon, 01/31/2011 - 14:51 | 921132 Assetman
Assetman's picture

Sarkozy: "No. Jamie Dimon really said Option #2 is the best choice for Greece.  You know, he's been under a whole lot of stress lately, with all the bad press".

Merkel: "Speaking of Number 2, is that a toilette over there?  I'm feeling a bit gassy".

Mon, 01/31/2011 - 14:52 | 921136 the not so migh...
the not so mighty maximiza's picture

Hitler must be laughing his ass off now in hell.

Mon, 01/31/2011 - 15:28 | 921307 BorisTheBlade
BorisTheBlade's picture

Ain't that symbolic that copyright for Mein Kampf is about to expire and ban on its publication is about to be lifted, at the same time, popular anger at the bankers is nearing its historic highs, which is to be, as soon we will all see, funelled at some minority, probably not the Jews this time, but surely somebody:

They are always some unfortunate scapegoats to be slaughtered for the greater good, not that it would fix anything, but the mob would be satisfied for the time being, before itself being plundered en masse as heroic cannon fodder.

Mon, 01/31/2011 - 14:52 | 921139 Captain Queeg
Captain Queeg's picture

"They will never call me 'Nic the Greek' after this deal."

Mon, 01/31/2011 - 15:29 | 921312 Miles Kendig
Miles Kendig's picture

Around here we read the "Nic" that actually has something worthwhile to say

Mon, 01/31/2011 - 14:52 | 921140 Raymond K Hassel
Raymond K Hassel's picture

'Il est très important que l'on détient le blanc poker hot anal comme celui-ci avant de battage dans'

Mon, 01/31/2011 - 14:52 | 921142 carbonmutant
carbonmutant's picture


Sarkozy to Merkel " If you offer to give Obama a BJ ..."

Mon, 01/31/2011 - 15:07 | 921209 SlipStitchPass
SlipStitchPass's picture

Not sure but I would bet that Obama would rather have the BJ from Sarkozy, with a side of tossed salad and some crack to finish.

Tue, 02/01/2011 - 01:53 | 922931 IQ 145
IQ 145's picture

 That was last week, you wrinkly little frog; it's your turn this week."

Mon, 01/31/2011 - 14:53 | 921144 BlackSea
BlackSea's picture

Sarkozy to Merkel : "Angela, you just HAVE to get yourself one of the Greek islands when the creep behind us is forced to post them as collateral for his 'bonds' ."

Mon, 01/31/2011 - 14:53 | 921148 TwoJacks
TwoJacks's picture

"you know, this plan only needs to hold water until our terms end, then we'll be authors."

Mon, 01/31/2011 - 14:54 | 921150 metastar
metastar's picture

... and so, by the power vested in me by the NWO banking cartel, I now pronounce you man and wife 

Mon, 01/31/2011 - 15:03 | 921191 hedgeless_horseman
hedgeless_horseman's picture

flag as winner (1)

Tue, 02/01/2011 - 05:05 | 923072 Hephasteus
Hephasteus's picture

Get's my vote too.

Mon, 01/31/2011 - 14:54 | 921151 irishlink
irishlink's picture

Barrosa is trying to play a cute game. He is trying to hide how bad things are in his beloved Portugal. If he convinces everyone that the Greeks and Irish are insolvent he will get a pacage for everyone and save Portugal's blushes.

Mon, 01/31/2011 - 14:54 | 921152 Caviar Emptor
Caviar Emptor's picture

Greeks may retaliate and threaten to implode the entire global financial architecture with an olive oil embargo. That indeed would be a brilliant ploy that would panic the developed world which is hooked on Med style cooking. Ask yourself: could your heart stand the shocking fact of $1,000 pasta dinners? 

Mon, 01/31/2011 - 15:57 | 921390 topcallingtroll
topcallingtroll's picture

Damn. I never thought about stocking up on olives? Are calamatas greek? They are my favorite.

Mon, 01/31/2011 - 16:34 | 921482 StychoKiller
StychoKiller's picture

Calamatas are indeed Greek, but I'm partial to Spanish ones.

Mon, 01/31/2011 - 19:26 | 922156 spinone
spinone's picture

So am I - 3 in my martini

Mon, 01/31/2011 - 14:54 | 921153 Conrad Murray
Conrad Murray's picture

Merkel: Oh shit, Sark! Cutty Sark! Is that goddamn Rumsfeld behind me? I remember the last time he was around when people were talking about money just up and vanishing; it was September 10th, 2001...

The Least Interesting Man in the World: Stop calling me Cutty Sark. Whether or not that is Donald Rumsfeld is immaterial to me at the moment. This guy behind me keeps trying to sell me Body Scanners. He says we could erect them at all the bunga bunga parties. Besides, Rumsfeld was talking about $2.3T, you don't think he'd be worried about our little side game do you?

Mon, 01/31/2011 - 14:55 | 921158 Yancey Ward
Yancey Ward's picture

S'ils ne veulent pas accepter l'offre, vous mettez votre poing dans le rectum comme ça!

Mon, 01/31/2011 - 14:55 | 921160 Internet Tough Guy
Internet Tough Guy's picture

"Angela, I had no idea the damn Greeks would blow it all partying with Charlie Sheen. We should repo Crete and deport every one of them to Rekyavik."  

Mon, 01/31/2011 - 14:55 | 921161 cougar_w
cougar_w's picture

"I was this close to throwing up. I swear to God."

Mon, 01/31/2011 - 14:55 | 921165 MonsterZero
MonsterZero's picture

"I think maybe we should have sided with the Nazi's"

Mon, 01/31/2011 - 14:56 | 921168 mbasham
mbasham's picture

Sarkosy: I know it's been awhile, but this is going to feel like what it's like to get fucked...

Mon, 01/31/2011 - 14:56 | 921170 CrashisOptimistic
CrashisOptimistic's picture

Pretty sure a 35% haircut triggers global swaps.  Oh, well.

Mon, 01/31/2011 - 16:53 | 921577 chinaguy
chinaguy's picture

No worries, the counter party is backstopped by the US taxpayer.

Mon, 01/31/2011 - 15:02 | 921171 nonclaim
nonclaim's picture

I see Sarkozy is holding a fiat Euro note saying it's all he's got left (nothing). Merkel's mind goes blank but Barroso feels the reality sinking in.

Mon, 01/31/2011 - 14:57 | 921172 Captain Kink
Captain Kink's picture

Sarkozy prepares coin flip to decide who must break the news to Trichet...

Mon, 01/31/2011 - 14:58 | 921175 koeleköpke
koeleköpke's picture

it's like a moussaka without cheese topping. water instead of ouzo will be for springtime

Mon, 01/31/2011 - 14:58 | 921176 trav7777
trav7777's picture

so who gets the fuckin haircut?

Mon, 01/31/2011 - 14:58 | 921177 tahoebumsmith
tahoebumsmith's picture

Hamp like programs for countries now, when will all the lies and deception end? Doesn't anyone have the friggin balls to call a spade a spade or are we just going to live under this dark bridge with the trolls forever? How many ways can you kick that can bitch? WTF are my kids going to do in the future when nothing is real anymore? 2012 is starting to look more and more like a real event. Not saying the end of the world but perhaps a turning point for life as we know it.

Mon, 01/31/2011 - 15:03 | 921178 alien-IQ
alien-IQ's picture

Merkel: You can take your thumb out of my ass any time now Nicolas.


Sarkozy: That wasn't my thumb.

Mon, 01/31/2011 - 18:53 | 921183 MachoMan
MachoMan's picture

I don't give a shit about names.

Woman: I wonder if anyone else notices that my breasts would be under my armpits if not for this supportive brazier

Man immediately behind her: Yes, you have to cup them in, like this!

Man immediately to his right: Yes, you poke them up, like dis!

Man immediately to his right, but slightly behind: Must not look at camera, must not look at camera

Man behind them hanging head: I can't believe I hit her axe wound at the christmas party last year...  I was just happy it was actually a she...  I need to get checked out...  I just hope no one else makes the mistake of putting their fingers in there...  *sigh*

Old bald man to his right: I thought we were having pudding and matlock?  I go make poopie.


Mon, 01/31/2011 - 15:05 | 921184 Joe Sixpack
Joe Sixpack's picture



"Frau Merkel, can I borrow the keys to your Mercedes. I need to get out of here fast. My choice of Fiat was a mistake."


Mon, 01/31/2011 - 15:01 | 921185 dick cheneys ghost
dick cheneys ghost's picture

sarkozy to merkel: fuck jamie dimon

Mon, 01/31/2011 - 15:05 | 921193 viator
viator's picture

"Merde, the Suez Canal tolls just doubled!"

Mon, 01/31/2011 - 15:48 | 921194 gwar5
gwar5's picture

"Suck it up, Angie, or the Greeks go CAIRO on us and tear you a new Berlin Wall."

"Angela, even German hos get paid for just laying there, no?"

"Do you want to turn the Greek internet back on now, or shall I?"


I expect more haircuts until we're all bald.

Mon, 01/31/2011 - 15:05 | 921195 beastie
beastie's picture

French dude: "Can I wear the strap on this time?"

German dude: "!"

Background Dudes think: "Oh Fuck, He didn't just say that". "Where is the exit?"

Mon, 01/31/2011 - 15:06 | 921197 almost_have_a_name
almost_have_a_name's picture

"She has balls, like grapefruit"

"Yes, but a very small pecker"

Mon, 01/31/2011 - 15:20 | 921199 Miles Kendig
Miles Kendig's picture

But, But, EVERYONE needs to retire at 67!!!

Take that to the streets of Paris and sell it Angie!!


Thought ya had this one Tyler or the topic wouldn't have been Sinn Féin and their IMF platform.

Mon, 01/31/2011 - 15:06 | 921200 Joe Davola
Joe Davola's picture

Well let me tell you my kraut friend, I ain't no bandleader...

Mon, 01/31/2011 - 15:08 | 921206 equity_momo
equity_momo's picture

Sarkozy :    

" whose job was it to move the fucking gold? George you fuck , wheres the fucking gold?"

Mon, 01/31/2011 - 15:07 | 921208 viator
viator's picture

"I'll get you Blankfein's phone number"

Mon, 01/31/2011 - 15:08 | 921211 bunkermeatheadp...
bunkermeatheadprogeny's picture

Greece and Ireland taking the long way to get to the same place where Iceland is now.

Mon, 01/31/2011 - 15:09 | 921221 bunkermeatheadp...
bunkermeatheadprogeny's picture

Ditto for the US and the rest of the EU

Mon, 01/31/2011 - 15:08 | 921215 thepigman
thepigman's picture

HMMMM...Greek Brady bonds, eh?

Good idea....after the global crash

those low long term yields will

seem like a good deal and the banks

will sell them to their retail clients.

Multiply by Portugal, Ireland, Spain

etc etc.

Mon, 01/31/2011 - 15:11 | 921233 thepigman
thepigman's picture

We're going to kick the can down the

road to stardate 3123. Captain Kirk

of the USS starship enterprise will end up holding those bonds.

Mon, 01/31/2011 - 15:48 | 921370 bank guy in Brussels
bank guy in Brussels's picture

Thanks for the super big laugh!

Yeah, the interest on 21st century bonds is what financed young Captain James Tiberius Kirk attending Starfleet Academy.

Ferengi School of Business case study!


Tue, 02/01/2011 - 02:07 | 922952 IQ 145
IQ 145's picture

 Wouldn't surprise me. "Capt. shall I thrown some more Greek Bonds in the Fusion Reactor?"  "Sure, Scotty, why not."

Mon, 01/31/2011 - 15:08 | 921216 Horatio Beanblower
Horatio Beanblower's picture

From the Emerald Isle...


"Some 75 would-be volunteers turned up this afternoon to a meeting organised by economist David McWilliams to help independents standing in the election.

McWilliams has proposed that those with organisation skills and economic expertise should offer their services to independent candidates to counter the advice that candidates from the major parties would be able to give.

The meeting was held in the Gateway Building in Capel Street which is owned by John McColgan the producer of Riverdance and was offered to Democracy Now, a group of high-profile would-be candidates who now admit that they have run out of time to stand in the election.

Seven independent candidates were among those looking for advice. They included Eamonn Blaney, the son of former Government minister Neil Blaney, who said he is to announce a new political platform New Era which has the support of several independent candidates."

Mon, 01/31/2011 - 15:11 | 921232 viator
viator's picture

"I always keep 500 kilos of gold in the trunk of my limo"

Mon, 01/31/2011 - 15:12 | 921234 aint no fortuna...
aint no fortunate son's picture

"Do you think Hosni would lend us some of his gold?"

Mon, 01/31/2011 - 15:12 | 921236 bunkermeatheadp...
bunkermeatheadprogeny's picture

Ugh, Gibss is on the TV again. I can't wait for him to leave.

Maybe he could be the next studdering John for Howard Stern.

Mon, 01/31/2011 - 15:17 | 921237 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The group sit in a large dark room around a round table.

"What we gonna do now?"  Says Berlusconi.

"I called Bernanke and Timmah."  Said Trichet.

"What did they say?"  Asked Sarkozy.  "They didn't pick up."  "Did you leave a message?"  "The answering machine was full."

There was as slight pause.  Angela sighed a deep sigh.

"Well", said Van Rumpuy, "I guess it is time for WWIII."  The oilgarchs nodded and sneered slippery smiles.  They stood up and walked uniformly into the banquet hall, where the press had gathered.

Cue "Magic Carpet Ride".

Out walk the financiers and politicians/slow mow.  They sit down at a rectangular table to meet the press.  "We have it all under control."  Remarks Trichet as he takes off his glasses.....

Somewhere, still in Davos, Bernanke sipped his Malibu and rum quietly.

Mon, 01/31/2011 - 15:12 | 921238 Bull v. Bear
Bull v. Bear's picture

Brother, can you spare 50 billion euros...

Mon, 01/31/2011 - 15:23 | 921239 THE DORK OF CORK
THE DORK OF CORK's picture

OK - I accept that the Greeks had / have a large fiscal debt - but I could never understand how bank bonds are not first in line even if it is a smaller problem then in Iberia and Ireland.

There is a different agenda in Europe - it is to neuter the sovergins ability to raise cash - the primacy that the ECB holds for banks in their dealings with this crisis is a vessel used to make the European states a anachronism.

If Greek goverment paper takes a hit before the bank paper it will prove my point.

Mon, 01/31/2011 - 15:31 | 921316 snowball777
snowball777's picture

That would explain Rompuy's Cheshire Cat grin.

Mon, 01/31/2011 - 18:57 | 922091 Miles Kendig
Miles Kendig's picture

And all the euro-centric love noises emanating from the aforementioned Eurointelligence...

Mon, 01/31/2011 - 15:13 | 921243 citizen2084
citizen2084's picture

merkel "If this french bastard does another Jerry Lewis impression, I wll kill the EURO"

Mon, 01/31/2011 - 15:53 | 921381 bank guy in Brussels
bank guy in Brussels's picture

Ha! Great.

For those who don't know, Jerry Lewis is REALLY big in French culture ... accepted as a great *serious* Genius of Film. Seriously.

Mon, 01/31/2011 - 23:10 | 922633 Hephasteus
Hephasteus's picture


Mon, 01/31/2011 - 15:13 | 921244 fuu
fuu's picture

Sarkozy to Merkel, "I prefer to use the entire fist."

Mon, 01/31/2011 - 15:22 | 921281 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

G pap, "I am ambidextrous!"

Mon, 01/31/2011 - 15:14 | 921245 BennyBoy
BennyBoy's picture

Sarkozy: ...and when this crashes the markets, buy the fucking dip!

Mon, 01/31/2011 - 15:14 | 921249 AZSovreign
AZSovreign's picture

Should we BTFD now?

Mon, 01/31/2011 - 15:15 | 921252 robert_paulson
robert_paulson's picture

Angela fantasized about pulling the car over.  The kids in the back seat were starting to seriously get on her nerves.

Mon, 01/31/2011 - 15:16 | 921253 the grateful un...
the grateful unemployed's picture

Berlasconi, tell me about those Italian widows and orphans who held those Argentine bonds? Were they at all surly?

Mon, 01/31/2011 - 15:16 | 921257 crosey
crosey's picture

"I'm sure that I am the father...."

"How did you know that I was pregnant?"

"Because we've all been screwing you for months, but I'm sure that I am the father...."

Mon, 01/31/2011 - 15:16 | 921259 Stoploss
Stoploss's picture

"We stick the knife in slowly... Then, twist."

Mon, 01/31/2011 - 15:24 | 921288 the grateful un...
the grateful unemployed's picture

No No said the Red Queen, (who looked suspiciously like the Bernank) First we twist the knife, then we stick it in slowly.

Mon, 01/31/2011 - 15:16 | 921260 sangell
sangell's picture

G-Pap wants to know if you can get him an invitation to Silvio Berlusconi's party tonight.

Mon, 01/31/2011 - 15:19 | 921267 buzzsaw99
buzzsaw99's picture

Sarkozy: But, but, the joo bankers said this couldn't happen...

Merkel: Effing joos!

Mon, 01/31/2011 - 15:19 | 921274 luk427
luk427's picture

Could you kick the can for me this time,I think my groin is pulled?  

Mon, 01/31/2011 - 15:22 | 921282 NoTTD
NoTTD's picture

Greek Guy: These hands have been some places.  I don't recommend it.

Sark: First you poke the food down the goose's throat...

Merkel: (Thinking) This mess calls for deft German diplomacy.  We should invade Poland.

Mon, 01/31/2011 - 15:23 | 921286 sangell
sangell's picture

He's saying not only is his government broke but his banks will be too if you haircut the bonds. Who do you think he sold them to.

Mon, 01/31/2011 - 15:26 | 921291 sangell
sangell's picture

When I was a little girl we put people like him in the gas chamber.

Mon, 01/31/2011 - 15:26 | 921293 snakeboat
snakeboat's picture

Douche, douche, douche.

Mon, 01/31/2011 - 15:28 | 921295 jomama
jomama's picture

from the looks on their faces, it would appear that someone in that clique just busted some ass.

sauerkraut, bratwurst, and a tall Pilsner will do that to you, you know.

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