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Short Covering Catalyst Du Jour: Bridge (aka DIP) Loan For Greece Primes Existing Debt

Submitted by Tyler Durden on 04/22/2010 10:31 -0400

Greece

RTRS-GREECE MAY GET SHORT TERM BRIDGE LOAN BEFORE MECHANISM IS ACTIVATED- SENIOR GOVT SOURCE

Euro shoots above 1.33, as everyone forgets that all 1) this has been tried many times already and 2) this is just a DIP loan and all the existing debt gets primed. Congrats Greece - you are now officially bankrupt

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Thu, 04/22/2010 - 10:33 | 312653 RobotTrader

Heck, NetFlix market cap now exceeds the entire GDP of Greece...

LOL....

Thu, 04/22/2010 - 10:53 | 312720 Oso

guys, on bloomberg IOIA history, check the prints for SPY at 9:36, right when the lowest part of the market was.

for those who dont have it, take a guess. I ll give u a hint, the bank printing the hell out of SPY starts with a J and rhymes with T. Gorgan.

Thu, 04/22/2010 - 10:34 | 312656 Postal

Now, now. Let's not be pointing out that the Emperor has no clothes. After all, we have the best tailor a fiat currency can buy.

Thu, 04/22/2010 - 10:36 | 312660 bugs_

Activate the Mechanism!!!

Thu, 04/22/2010 - 14:55 | 313282 knukles

DIPping makes all the other debt BINGO with a great big Goose Egg Valuation! Like, ZERO, Dude.

Whatta solution! Brilliant! Like a reverse split to dilute losses. F-n-a!

Thu, 04/22/2010 - 10:36 | 312661 RobotTrader

Maybe NFLX can announce a buyout of National Bank of Greece.

Say, $7/share???

Thu, 04/22/2010 - 10:36 | 312664 Assetman

At least NetFlix sells something I like.

If the IMF wouldn't get in the way, I would think purchasing Santorini for say, $50 billion, would be a steal.

Thu, 04/22/2010 - 10:37 | 312668 rubearish10

What the heck is going out there today? SPU's are acting whacky!

Thu, 04/22/2010 - 10:40 | 312677 Fish Gone Bad

A bankrupcy award is kinda like an Oscar. Only Oscar is bent over.

Thu, 04/22/2010 - 10:42 | 312688 ZackAttack

Still trying to salvage things with Nice. Cheap. Words.

However, this would have to imply a shred of credibility.

Write the check, bitches.

Thu, 04/22/2010 - 10:44 | 312689 Mercury

Too bad Chris Farley can't reprise his "Relapse Guy" character for the inevitable movie.

Thu, 04/22/2010 - 10:54 | 312723 Mako

This will be repeated country after country, state after state, corporation after corporation, and person after person.

You guys are no longer supplying the equation what it needs.

Thu, 04/22/2010 - 11:01 | 312743 hamurobby

Happy B-day Vladimir.

Thu, 04/22/2010 - 11:25 | 312811 Caviar Emptor

Never worry! Obama riding in on six white horses will cause a post-lunch rally as capos "comes to an understanding". He'll throw out a few idle threats, use the words "protect the public". He's here to arrange his post election feathered nest.

Thu, 04/22/2010 - 11:29 | 312833 BlackBeard