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The Meeting Deciding The Fate Of Greece Is Now In Session

Tyler Durden's picture




Headline which tells you all you need to know:

15:32 03/09 GREEK PRIME MINISTER ENTERS MEETING WITH US TSY'S GEITHNER




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Tue, 03/09/2010 - 16:38 | Link to Comment BlackBeard
BlackBeard's picture

5$ on 69 and then greek style.  Pompodroo gets top, Timmay takes bottom.

Tue, 03/09/2010 - 16:39 | Link to Comment lizzy36
lizzy36's picture

where do summers and ben shalom fit?

Tue, 03/09/2010 - 16:43 | Link to Comment BlackBeard
BlackBeard's picture

In each other's asses of course!

Tue, 03/09/2010 - 16:48 | Link to Comment lizzy36
lizzy36's picture

thx for the visual

Tue, 03/09/2010 - 16:58 | Link to Comment BlackBeard
BlackBeard's picture

Just sayin' what everyone's thinkin'...

Tue, 03/09/2010 - 17:02 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Quick, send this text to Timmy.

Q:  How do you seperate the Greek men from the boys?

A:  With a crow-bar.

Tue, 03/09/2010 - 17:11 | Link to Comment SWRichmond
SWRichmond's picture

sorry lizzy, but I'm afraid you started it above: "where do summers and ben shalom fit?"

Tue, 03/09/2010 - 16:43 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

PIGG pile.

Tue, 03/09/2010 - 17:38 | Link to Comment monmick
monmick's picture

Who is the hypotenuse in this love triangle?

Tue, 03/09/2010 - 20:53 | Link to Comment JohnG
JohnG's picture

Blankface, of course.

Tue, 03/09/2010 - 16:59 | Link to Comment doublethink
doublethink's picture

 

Paulson: "Gre...gre...greek...en...en..enters...Gei...gei...geithner.

 

Tue, 03/09/2010 - 16:40 | Link to Comment Hephasteus
Hephasteus's picture

Is that US treasury tim geithner or IMF chair tim geithner

Tue, 03/09/2010 - 17:03 | Link to Comment cougar_w
cougar_w's picture

Depends on which checkbook he brought with him.

Tue, 03/09/2010 - 17:05 | Link to Comment Haywood Yablomi
Haywood Yablomi's picture

Is there really a difference?

Tue, 03/09/2010 - 17:15 | Link to Comment Hansel
Hansel's picture

+1, extra-constitutional second jobs FTW!

Tue, 03/09/2010 - 16:43 | Link to Comment Sancho Ponzi
Sancho Ponzi's picture

Timmy may soon be the proud owner of a Greek island. 

Can I put a bid in on Lesbos?

Tue, 03/09/2010 - 16:49 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

You can have it.  Terrible drivers, and at any given time 25% of the population is pissed off.

Tue, 03/09/2010 - 16:59 | Link to Comment Sancho Ponzi
Sancho Ponzi's picture

There goes another fantasy of mine. I suppose I'd be pissed off too, if I had to deal with German tourists all day.

Tue, 03/09/2010 - 17:13 | Link to Comment Anonymous
Wed, 03/10/2010 - 02:42 | Link to Comment Anonymous
Wed, 03/10/2010 - 11:02 | Link to Comment Whizbang
Whizbang's picture

Shouldn't it be Haben Sie? Try to keep things civil.

Tue, 03/09/2010 - 16:47 | Link to Comment Fritz
Fritz's picture

If Greece is looking for advice/help from timmay you know they are in a world of shit.

 

Tue, 03/09/2010 - 17:12 | Link to Comment bugs_
bugs_'s picture

+1 drachma! LOL

 

Tue, 03/09/2010 - 16:47 | Link to Comment Bear
Bear's picture

Just another USA bailout ... what's new? ... we knew this was going to happen all the time ... USA is bailer of last resort

Tue, 03/09/2010 - 16:50 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

Greco roman wrestling for the bailout? 2 out of 3 falls?

Tue, 03/09/2010 - 21:13 | Link to Comment Anonymous
Tue, 03/09/2010 - 17:03 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

15:51 03/09 Transatlantic cable sent by GS to Berlin office.  "You bought bunds, right?"

15:58 03/09 GS office in Berlin replies, "Yes, all of them, just like agent "Turbo" told us to do."

 

Tue, 03/09/2010 - 16:56 | Link to Comment SDRII
SDRII's picture

bond deals (lol)..Congress is in a giving mood.

March 9 (Bloomberg) -- A $138 billion plan to extend unemployment benefits through the rest of this year cleared a procedural hurdle in the U.S. Senate as lawmakers moved closer to putting the measure to a final vote. The vote today was 66-34, with 60 needed to advance the measure. It also would provide $25 billion to help states balance their budgets and continue more than 50 tax cuts for businesses and individuals. The bill would prevent a 21 percent cut in Medicare reimbursements to doctors and temporarily ease corporate pension-funding requirements. The measure, partly financed by offsetting savings, would add $97 billion to the deficit, according to the nonpartisan Congressional Budget Office. Senator Jim Webb, a Virginia Democrat who proposed an amendment to impose a 50 percent tax on bonuses awarded last year to Wall Street executives, said his plan is unlikely to receive a vote. “It’s looking a little grim,” Webb said, though “we’re still trying.” Today’s measure includes $36 billion in tax cuts and $102 billion in spending increases. The extension of unemployment benefits would continue a 65 percent subsidy under the Cobra program to help the jobless buy health insurance. The national unemployment rate held steady at 9.7 percent in February. Each percentage point rise in the unemployment rate increases the number of uninsured Americans by 1.1 million, according to the Congressional Research Service.

Tue, 03/09/2010 - 17:19 | Link to Comment Hansel
Hansel's picture

How is one debt junkie (U.S.) in any position to give advice to another debt junkie (Greece)?

Tue, 03/09/2010 - 17:23 | Link to Comment hedgeless_horseman
Tue, 03/09/2010 - 16:57 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

oh, because i have been waiting all day to hear about greece, again.  this dog and pony show is ri dic u lous!

Tue, 03/09/2010 - 17:04 | Link to Comment GlassHammer
GlassHammer's picture

Did it just get real?

 

:)

Tue, 03/09/2010 - 17:04 | Link to Comment Shameful
Shameful's picture

And Greece is as good as bailed out. While the Germans will get pissed at a bailout I'm sure the US bailing out Greece would be met with hardly more then a whimper. Granted I still expect it to happen under the table, have it as a gift that can later be revealed to the American people. And we need the banks to be able to get their fees.

I'm having a flashback of Ghostbusters "No job to big! No fee to big!"

Tue, 03/09/2010 - 17:06 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Pissed?  They'll be dancin' in the streets except for the exporters competing against the US.

Tue, 03/09/2010 - 17:12 | Link to Comment Shameful
Shameful's picture

I was not explicit. I meant that the Germans might riot if they are forced to bailout Greece while Americans will just grimace and bear it if/when they are forced to bail Greece out. Naturally Germany would be happy with America waster it's money.

Tue, 03/09/2010 - 17:15 | Link to Comment Anonymous
Tue, 03/09/2010 - 18:49 | Link to Comment faustian bargain
faustian bargain's picture

A lot of good episodes of Lost and American Idol, apparently.

Tue, 03/09/2010 - 19:07 | Link to Comment Shameful
Shameful's picture

Chemicals in the water, constant propaganda from the TV and other news/entertainment sources, schools that put prisons to shame, political correctness run wild. Basically your standard full spectrum attack on a group. That and simply people who are fat and happy usually are not aware of what is happening around them. Really most of us have it coming sadly.

Tue, 03/09/2010 - 17:20 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Yes, of course.  Sorry, old man, for jumping on you like that.  It's just this whole TEOTWAWKI thing has got me a bit on edge.

Tue, 03/09/2010 - 17:26 | Link to Comment Shameful
Shameful's picture

lol no worries. Like I said I reread what I wrote and I can totally see how it could be taken in the way you saw it. I blame the fact I hate proofreading :) We should be thankful that at least they are trying to kick the can, the black hole of debt is already infinity large so it's a complete game changer when it blows up anyway. Gives us a chance to get ready for the nightmare ride that we are going to be forced into.

Tue, 03/09/2010 - 17:08 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I wonder if the Greek bailout will comes as a sum of money loaded on a Citi debit card? I mean, if you're gonna do it, you might as well do it right and spread the wealth. 

Tue, 03/09/2010 - 17:07 | Link to Comment Anonymous
Tue, 03/09/2010 - 17:09 | Link to Comment Sancho Ponzi
Sancho Ponzi's picture

Maybe Timmy will tell Greece to stick it and set off a mild panic, just in time to sell some 10 and 30 year treasuries

Tue, 03/09/2010 - 17:09 | Link to Comment faustian bargain
faustian bargain's picture

Greek PM walks into the room. TG is sitting on the divan in a white terrycloth robe, smoking a mint cigarette. He looks up, his smile giving way to disappointment.

"What...aw man, I thought you said you were bringing grease to the office!"

He pauses, thinks a moment, then shrugs. "Oh well. Bring him over."

Tue, 03/09/2010 - 17:11 | Link to Comment Anonymous
Tue, 03/09/2010 - 17:12 | Link to Comment MsCreant
MsCreant's picture

 

Give Greece statehood. They can at least pay in taxes to the US Gov.

Tue, 03/09/2010 - 17:14 | Link to Comment Shameful
Shameful's picture

Shit they wouldn't even be a bad state as far as budget crisis goes. IL, CA, NY, AZ all put Greece to shame!

Tue, 03/09/2010 - 18:44 | Link to Comment MsCreant
MsCreant's picture

We already have military there. But then again, we got military everywhere...

http://www.globemaster.de/regbases.html

Tue, 03/09/2010 - 17:13 | Link to Comment bugs_
bugs_'s picture

Are all my fates so small?

Tue, 03/09/2010 - 17:15 | Link to Comment Anonymous
Tue, 03/09/2010 - 17:16 | Link to Comment faustian bargain
faustian bargain's picture

All I want to know is, how much is this going to cost us. Because I know we're not going to be getting anything of value back.

Tue, 03/09/2010 - 17:19 | Link to Comment Anonymous
Tue, 03/09/2010 - 17:25 | Link to Comment Anonymous
Tue, 03/09/2010 - 17:25 | Link to Comment Missing_Link
Missing_Link's picture

Prime minister?

Subprime minister is more like it.

Tue, 03/09/2010 - 17:31 | Link to Comment BlackBeard
BlackBeard's picture

How about pimp monster?

 

Tue, 03/09/2010 - 17:37 | Link to Comment MsCreant
Tue, 03/09/2010 - 18:21 | Link to Comment Missing_Link
Missing_Link's picture

If Greece's finances continue to deteriorate, I'm sure there'll be pimpin' aplenty, and everyone will be able to get a little Greek at a deep discount.

Tue, 03/09/2010 - 18:53 | Link to Comment faustian bargain
faustian bargain's picture

talk about sheepdip!

Tue, 03/09/2010 - 17:25 | Link to Comment Pound Of Flesh
Pound Of Flesh's picture

Geitner doesn't do his own taxes yet he's willing to help Greece figure out their tax problems? Going long on Turbo Tax.

Either the discussion is on how to hide your problems or how to save Goldman and either way Greece is fk'ed.

Tue, 03/09/2010 - 17:26 | Link to Comment SilverIsKing
SilverIsKing's picture

Make room on the American Flag for another star.

Tue, 03/09/2010 - 17:35 | Link to Comment MsCreant
MsCreant's picture

Lotsa PIIGSy stars, bro. Lottavum. Haiti too.

Tue, 03/09/2010 - 17:32 | Link to Comment Anonymous
Tue, 03/09/2010 - 17:42 | Link to Comment AnonymousMonetarist
Tue, 03/09/2010 - 17:56 | Link to Comment Anonymous
Tue, 03/09/2010 - 18:36 | Link to Comment Anonymous
Tue, 03/09/2010 - 20:03 | Link to Comment Anonymous
Tue, 03/09/2010 - 20:18 | Link to Comment williambanzai7
Tue, 03/09/2010 - 20:19 | Link to Comment virgilcaine
virgilcaine's picture

The Grecians are going to pay 6-7-8% to borrow, Bailout or not.  The default is secure the date

hasnt been set yet.

 

 

Tue, 03/09/2010 - 20:31 | Link to Comment Anonymous
Tue, 03/09/2010 - 20:38 | Link to Comment virgilcaine
virgilcaine's picture

An aging rising stock market has a way of hiding the blemishes.

Tue, 03/09/2010 - 22:34 | Link to Comment Psquared
Psquared's picture

So I guess the Fed. Reserve will be buying Greek sovereign debt after all. Oh Mr. Bernanke, ... yoo hoo ... Mr. Paul is on the line.

Okay, so this is how it goes down. We overtly loan money to Greece from the TARP funds that have not been used, (how many times can you spend the same dollar?) while on the sneak BB buys up a bunch of Greek Bonds to ... gulp ... keep Greek rates down so they can float more debt.

Sound familiar? QE = GE. (Greco Easing)

So, then with more debt on the Fed/Tsy books the dollar will plunge vs. the Euro, we get another round of dollar carry trade and another leg up on the DOW. I'd say 12,000 by June.

Thu, 03/11/2010 - 23:58 | Link to Comment Anonymous
Thu, 04/15/2010 - 10:13 | Link to Comment mark456
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