Portuguese Bond Liquidity Disappears As LCH.Clearnet Kicks Portugal Paper Out From RepoClear Basket Eligibility

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Fri, 03/25/2011 - 08:17 | 1098869 DoctoRx
DoctoRx's picture

"Unluckly" has a nice ring to it.

Fri, 03/25/2011 - 08:22 | 1098880 oogs66
oogs66's picture

2 year portuguese bonds trading 7%

German backpeddling a bit from EFSF funding


Fri, 03/25/2011 - 08:22 | 1098881 cossack55
cossack55's picture

Will they be offered on Ebay? I'm looking to repaper my basement lavatory. I'm striving for that "Ponzi" look that is so fashionable in DC these days.

Fri, 03/25/2011 - 09:26 | 1099101 butchee
butchee's picture

While I applaud your cutting edge architechtural sense.....Basement lavs are subject to mold and mildew problems already.  Do you really think these toxic bonds are the right choice for this environment?   Perhaps the breakfast nook.

Fri, 03/25/2011 - 08:22 | 1098883 nudedude
nudedude's picture

Portugal is a meaningless year old story that the market could care less about. I have shits bigger than Portugal. Yawn.....next. 

Fri, 03/25/2011 - 08:29 | 1098910 HelluvaEngineer
HelluvaEngineer's picture

You should travel there sometime.  I'm sure they'd love you.

Fri, 03/25/2011 - 12:39 | 1100040 gorillaonyourback
gorillaonyourback's picture

yes the Portuguese people are very loving, they would probably do the humane thing and try to pull this guys head out his ass but I'm supposing it so far up there it might be futile

Fri, 03/25/2011 - 08:26 | 1098902 falak pema
falak pema's picture

Sounds like international financial community has kicked the toilet seat from under Portugal's ass. "Go shit somewhere else" is their message. "We won't handle your stuff anymore. Down our exclusive triple AAA sewage recycling systems...only reserved for the TBTF guys and their plutocratic friends". These days even sewage systems are getting expensive to use...unless you know the notation fool who drools what's true grade triple AAA...

Fri, 03/25/2011 - 08:40 | 1098932 youngman
youngman's picture

and they want to tax toilet paper now in New York....oh oh

Fri, 03/25/2011 - 08:53 | 1098955 plocequ1
plocequ1's picture

Im protesting this so called Toilet paper tax by not wiping my  Ass. Done... Rally on

Fri, 03/25/2011 - 09:33 | 1099124 youngman
youngman's picture

soon you will be able to wipe with a US Dollar bill....same cost

Fri, 03/25/2011 - 12:43 | 1100057 gorillaonyourback
gorillaonyourback's picture

it aint even good for that, charmin is softer!

Fri, 03/25/2011 - 08:53 | 1098974 buzzsaw99
buzzsaw99's picture

The Bernank will buy them!

Fri, 03/25/2011 - 08:53 | 1098980 Adérito
Adérito's picture

It's default time!

Fri, 03/25/2011 - 09:56 | 1099211 unununium
unununium's picture

Lovely story on the WSJ front page this morning attacking Portugal's deadbeat population and bemoaning the difficulty in getting them to pay the debt.

Also a nice video of Obama locked out of the white house when returning from his trip.

The uberclass laughs on.

Fri, 03/25/2011 - 08:54 | 1098985 chubbar
chubbar's picture

It's all part of the game. Set em up for failure, show them they have no alternatives and force them into taking IMF loans to be paid back by austerity measures that further tax the prols. Bingo, enslaved and part of the NWO.

We should see parts of the new austerity budget being floated shortly followed by MSM articles fawning over the savior IMF efforts to save them.

Didn't the IMF just conjure another 500 Billion out of thin air that is going to be used to prop up TBTF as well as indebt/enslave another generation to work it off, plus interest?

Fri, 03/25/2011 - 09:33 | 1099128 fajensen
fajensen's picture

No, those 500 Billion are for lending to Libya so they can pay western businesses for rebuilding all the bridges, power plants, factories, water treatment facilites and whatever that "The coallition for liberation of Libyan ressources" is busy bombing into dust and rubble.

Fri, 03/25/2011 - 11:30 | 1099661 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Yep, the IMF mafia forces you into a bailout when their bond thugs are beating you on the street. It is all planned to intimidate Portugal's gov't.

Fri, 03/25/2011 - 09:44 | 1099161 Broomer
Broomer's picture

It always happens during weekends.

Fri, 03/25/2011 - 10:11 | 1099256 One_Eyed_Pony
One_Eyed_Pony's picture

Socialism... appears they've spent all the money and then some.

Portugal has the GDP of Missouri... you won't be missed!

Buh Bye

Fri, 03/25/2011 - 10:25 | 1099319 Buckaroo Banzai
Buckaroo Banzai's picture

What does Portugal produce anyways, besides fortified wines and underground pedophile rings?

Fri, 03/25/2011 - 11:37 | 1099696 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Giant piles of toxic debt.

Fri, 03/25/2011 - 12:28 | 1099945 Herman Strandsc...
Herman Strandschnecke's picture

 Portugal is exporting Cork and Port


Fri, 03/25/2011 - 13:25 | 1100225 Zero Govt
Zero Govt's picture

no worries, European tourism will turn it all around... oh, Europeans are bankrupt* too and can't afford a hol' this year....ok Portugal's fuked!


* Brits will be paying £400 per person to help Portugals bailout while the British Govt cuts and has no public support for the £100's of billions they piss away abroad on bailouts and foreign aid ...truly our political class has never been more dysfunctional and delusional. Bring on The Grim Reaper on a jet propelled chariot please to mow these parasites down

Fri, 03/25/2011 - 14:36 | 1100606 Herman Strandsc...
Herman Strandschnecke's picture
I'm going to put this Telegraph link in about Portugal, if nothing else but for the URL. Lol http://blogs.telegraph.co.uk/finance/jeremywarner/100009901/ europes-arse-over-tit-approach-to-imminent-default/
Fri, 03/25/2011 - 15:24 | 1100864 Portugal
Portugal's picture

Besides fortified wines, underground pedophile rings, Toxic Debt, Cork and Port, and other sheety things that simply do not exist in you land .... we have nothing else!

In addition to spend your days read Hustler mags, you should instruct yourselves a bit more with other readings...

From you ally from this side of the ocean.



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