From The Wires: No Confirmation Of News On EU Aid - Greek Govt Source

Reuters confirms that ECB is refusing to comment on any details on the size or shape of Greek loans, or the role for the ECB in general. ECB also refutes Erik Nielsen's information we posted earlier that it would hold a conference call to discuss to latest developments.

(h/t Ashraf Laidi)

Comments

[Racer]

Oh what a non surprise

[hedgeless_horseman]

TD is busy today!  Threads dropping down fast, and I don't want to miss getting input on this cornerstone (eg the WSJ mentions in every article about bonds that interest moves opposite of price): by hedgeless_horseman
on Fri, 04/09/2010 - 10:59
#293405

I think it is a bit of stretch to state that the US taxpayer is going to pay for this.The reality is the whole global financial system is based on the fiat US currency which the US can print/create at absolutely zero cost.

I think you are wrong. Let me see if I can get this right.

• U.S. currency is a Federal Reserve Note. 
• This note is a loan, with interest (although low at the moment). 
• The lender is the Fedral Reserve Bank, and the borrower is the U.S. Treasury.
• Only a very few U.S. taxpayers own shares of the Federal Reserve Bank. 
• All U.S. taxpayers are co-signers on the U.S. Treasury's borrowing. 
• The U.S. Treasury is obligated to fund much of the IMF's expenses and back-stop any losses to its portfolio of loans.

Am I right?  Anyone? If not, please show me.  However, please do not respond with some link to a 45 minute video with animations of Thomas Jefferson and Ben Franklin.

[Al Huxley]

So wait, let me get this straight - are you saying that the Federal Reserve is not actually 'Federal' and that they may in fact not be acting in the best interest of the citizens of the United States, but rather, acting in the best interest of their owners?  And that they may be taking advantage of the naivete of the majority of the population to pull a fast one?  I am shocked that this could somehow be possible.

[filletandrelease]

you souldn't be that shocked.  we have state-funded schools deliberately create a country full of math ignoramuses and then have the state sell them lotto tickets...

[MarketTruth]

WHO OWNS THE FED?

See this link:

www.save-a-patriot.org/files/view/whofed.html

[sushi]

Quote

And that they may be taking advantage of the naivete of the majority of the population to pull a fast one?  I am shocked that this could somehow be possible.

EndQuote

What is truly shocking is that we are trying to impose this system on Afghanistan.

[Augustus]

They are going to have to pass the bill before they let anyone see it.

What will have to follow is the list of hogs who will their place at the trough.

[bugs_]

French banks heavy into Greece.

We learned today some french dude with a chick name runs the IMF.

Connect the dots.

[Grand Supercycle]

DOW / SP500 daily chart gives bullish signals as of Friday 9 April.  Weekly chart still trends up but continues to warn of an overextended bear market rally.

http://www.zerohedge.com/forum/latest-market-outlook-0

http://i39.tinypic.com/34y4k6t.png