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That's a lot of clams and even more when Frenchy 'inherits' BNP. So there's that to look forward to.
Things may be getting serious if this story is true
The decent into European Darkness begins.................
No problem! Timmah says he's found a solution to Europes bankruptcy, YOUR WALLET!
They are called the European Gendarmerie Force (Eurogendfor) . They are based in Italy but funded and staffed by six signatory nations who are France, Italy, Holland, Spain, Portugal and Romania. However, according to the Treaty which established Eurogendfor they can operate in any EU country and are available to others who invite them to do so.
Can't be true. Romania cannot fund four Gypsies to push a dead donkey off of a dirt road.
Doesn't the EFSF cover this, lol.
Nobody expects the Romanian inquisition!
nice info Dork
The battle of the titans: Insolvent vs insolvent who's backing the insolvent. Welcome to modern finance and meet the "stability" of the deadborn political utopia called eurozone. Hahahaa!
either nationalilze them all (in France banks were national less than 10 years ago) or close the CDS market. problem solved.
When you nationalize banks you nationalize and crystalize their debts - why would you want to do that unless you own the debt paper ?
Nationalize money , not the banks - Irving Fisher.
fuck it! let's forgive all debts (let the bond/deed/mortgage holders burn--like Chrysler bond holders were) and start over with the most indebted free and most poor lenders penniless.
I wonder how many people still believe this won't end well...
Nonsense! Look at amzn today!
If you can, take a couple of days off and just study people & question them on serious financial issues. I'd feel comfortable wagering on... the majority of them.
Since no-one else seems to have done so, may I congratulate you on a very good trade idea.
Some jackass a couple of threads back commented that the Tylers caused us ZH readers to miss out on this latest stock ramp, to which I responded about this being the only trade recommendation they had made lately.
/sarc on / Geez, we really are losing our asses. /sarc off /
yeah, nice call t.d.!
i don't follow these default swap compression trades too closely, but the underlying commentary and reasoning is +++
we're talking about transferring default risk fro TBTF (& FED fave) dexia to the countries formerly known as france and belgium, via guarantees (as w/ fannie & freddie in the US), with the deal and several billions of qatari capital coming into europeon bankstering play in a deal the 2 primeMinis shook hands over last weekend or so
happy happy joy joy
wtf could be more bullish than that, BiCheZ?
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