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

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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"

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