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The US Leg Of The Blame [FX/CDS/Goatherding] Speculators World Tour Comes To An End In Front Of Tim Geithner's Office
The meeting between the Greek Minister Of Prime Scapegoating and the US Secretary of Treasury Defrauding ("I used TurboTax") has ended "satisfactorily": idiotic lunacy, which we are now convinced has mutated and gone airborne, has spread and now Geithner is very likely infected. According to preliminary reports president Obama may be contagious as well. G-Pap is quoted by Market News as saying that "President Barack Obama gave a positive response to the European efforts to combat some aspects of market speculation that could destabilize markets and the euro." Seriously, is this just some sick, perverted scheme to make going long the dollar (short the euro) illegal? Can we just make it so much easier and simply hand Benny and the Inkjets the constitution to use as 1-ply Treasury Paper one of these days?
Some memorable quotes from Papandreou, who had he spent half the time fixing his busted budget as chasing after windmills and CDS trade tickets, Greece would have a budget surplus several time greater than its GDP, and not resort to hiring CB Richard Ellis to sell Mykonos.
"The European Union is stepping up to its responsibilities to deal with this issue, and I think that is a very important signal around the world because what is saying is that Europe is united on this cause, there is solidarity, and it will not allow speculators to play around with the stability of the eurozone and the currency.
It is very important to stabilize international markets to not allow the crises that may occur, such as the one that occurred in Greece, be used to create wider destabilization either of the eurozone or of the world financial system.
I found a very positive response by President and certainly this will be an issue that will be high on the agenda at the next G20 meeting."
Furthermore, Papandreou said German President Angela Merkel and French President Nicolas Sarkozy have joined him in taking the initiative to fight against such speculation. As for describing his meeting with Geithner, Papa said he had a good meeting in which he discussed specifics on the possible anti-speculation measures.
And since this is a world tour, and some concertgoers always get stuck in the nosebleeds, G-Pap, said, for the n millionth time, that Greece was not begging (or any variation thereof) for financial aid, and that all signs to the contrary have been planted by rogue and vile speculators.
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Funny how this man speaks of responsibility.....
Dick Fuld must be so very, very proud. It's all the shorts fault, isn't it?
Considering that the US has done nothing about financial reform of any kind on its own turf, it seems foolish that Greece thinks we give a rats ass about them.
We don't give a rat's ass.G-Pap is just a desperate delusional mental nut case....and he got attention by the MSM only...When, not if, the day of reckoning comes, he better pray to have enough in the kitty to be able to keep paying Police and the Army still in euros...and not the paper trash drachmaes that the rest of the populace will be handed over...or he's dead meat.
Here's the Greek situation....so complex:
http://www.thealphaninja.com/2010/03/analyzing-greek-situation-using.html
Even if it is true that the "speculators" are the only ones responsible for current Greek bond yields, if the Greek government needs to borrow at sub 6.50% yields in order to remain solvent, then they should ask themselves if they have a fiscal problem.....
Relax my American friends,Papandreou is just preparing politicaly for Greece's default
he will blame the speculators and the previous goverment and then pray that we don't lynch him
you know,his official residence or the parliament don't have a heliport
"Hope" In Greek
Obama assured me that he considers the initiative useful, important, positive and that the United States will contribute in this direction," he added.
http://www.reuters.com/article/idUSTRE6273WX20100309
more Obium for the masses please..
They really believe they want the euro higher.
Careful what you wish for...
Maybe CDS trades are a problem for the Greeks, maybe not; defenders of derivatives would get much more of my support if all such trades were continuously netted out and centrally settled so that counter-party risks were a non-issue.
you must be an important person to consider your support meaningful to those defending the credit default swap oligopoly
STOP THE EVIL DOERS BEFORE IT IS TOO LATE: http://williambanzai7.blogspot.com/2010/03/stop-evil-doers-before-it-is-...
Does this sucker realize that those same so called "speculators" are the same ones who turn around and sell his junk(oops,meant GGB) to the other suckers who buy them(read,pension funds)?. Well at least for once,those "evil speculators"are doing the right thing,ie:demanding higher yields for those poor retirees.
Freebird !!!
Desperation sets in.......get ready for a boom rally into June 1st....and a 24 month bust.
the more they try to control everything, the more out of control things are gonna get.
"Man's" problem has always been to overcome mother nature and it won't work.
"Man's" incomprehension of neg-entropy always leads to failure.......it is just a matter of how long he hangs onto the illusion.
Jesus Christ!
Given all the fucking problems these people are facing, you think they'd do something other than offer what are obviously empty promises. How stupid do they really think we are???
Here is the Prime Minister of Greece explaining how he & Tim came to their exaulted positions:
http://www.youtube.com/watch?v=IRFZL6fWM4E&feature=related
Is there a derivative by which I can short the Greek Prime Minister ?
Is this Tim in his previous existence? Sure looks like him.
http://www.youtube.com/watch?v=_S64hbp7kbU&feature=related
ugh. A bad omen for Greece when they gravel at the feet of gravalers.
Tyler: You never cease to amaze me..."Benny and the Inkjets..."
A classic is born.
Bravo!
typical politician, thats why we should throw all of them out of office and start over
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