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

Tyler Durden's picture

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Buckaroo Banzai's picture

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

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. 

whatsinaname's picture

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

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."


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.

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?

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"

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.

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!"

Problem Is's picture

Merkel... The European Hillary...

flacon's picture

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

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:

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. 


whatz that smell's picture

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

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

downrodeo's picture

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

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?"

gold mining ceos are idiots's picture

Whose going to tell Jamie and Lloyd?

sabra1's picture

wrong again! Sarkozy is holding her colostomy bag!

JackieTreehorn's picture

I can't believe how hot she 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."

BorisTheBlade's picture

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

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).


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.

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.

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..


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.

Oh regional Indian's picture

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

Sacre Bleu!!!


truont's picture

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

Aknownymouse's picture

"What the fuck are we gonna say now?"

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.

assumptionblindness's picture

Joran van der Sloot gets a EMU photo bomb!

Tic tock's picture

I think you should tell them

LostWages's picture

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

Aknownymouse's picture

"Where do you think Mubarak is hiding now ?"

traderjoe's picture

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

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

Johnny Lawrence's picture

"You know what they say about Greeks."

attst487's picture

yeah johnny, put em in a bodybag!

Humpty Pundit's picture

Lose some weight Bitchez!

williambanzai7's picture

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

almost_have_a_name's picture

I think I broke a rib reading that line.

Miles Kendig's picture

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

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.

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! "

10kby2k's picture

"I promise I'll get it up tonite"