Greece Activates Last-Ditch Liquidity Rescue Package To Preserve Its Financial System

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Thu, 08/25/2011 - 22:35 | 1602647 Sequitur
Sequitur's picture

I don't yet have an opinion. I first need to slip into the bathtub, fantasize about Becky Quick's engorged midsection, and wait for the eureka moment.

Will report back in a half hour . . . . 

Thu, 08/25/2011 - 23:52 | 1602888 Gotterdammerung
Gotterdammerung's picture

What will the temperature of your bath water be and is an innocent form of a rubber duck involved?  Myself, I used to enjoy the little scuba divers you got in the ceral box that you could place baking soda in.

Fri, 08/26/2011 - 00:13 | 1602931 tom a taxpayer
tom a taxpayer's picture

...and the little submarine. "Dive, dive, dive." Looks like Greek banks, the Euro, and European markets also will be going underwater. 

Fri, 08/26/2011 - 01:30 | 1603048 slewie the pi-rat
slewie the pi-rat's picture

i had the first sub model, i think

they were so cool when they first came out, they wouldn't even put them in the cereal box;  you had to send away for one

those were the worst three months of my childhood, waiting for the damned submarine to show up

Fri, 08/26/2011 - 03:00 | 1603127 Danielius
Danielius's picture

Yes, what was with that?  Why three months?  Very strange....  Even back then, a letter was delivered in days... same for a tiny package....   I can't remember now what I ordered, mabe it was the magic rocks... All I remember is that horrible wait.

Fri, 08/26/2011 - 01:17 | 1603024 Freddie
Freddie's picture

Maybe that slimeball Buffett can bail out Greece.

Fri, 08/26/2011 - 08:09 | 1603358 orangedrinkandchips
orangedrinkandchips's picture

becky quick? ugh! Erin B....now she is not that sexy but soooo damn cute! not porn hot but cutter than anyone....becky quick is eh....

Thu, 08/25/2011 - 22:36 | 1602650 DoChenRollingBearing
DoChenRollingBearing's picture

What, this is the new pattern?

Europe leads California by two years?  Then America follows two years later?

Imagine that.  Europe leading us...  I'll keep buying gold thanks.

Thu, 08/25/2011 - 22:36 | 1602652 spiral_eyes
spiral_eyes's picture

Angela Merkel firing torpedoes out of her nipples in the all-out war to save the euro, bitchez

http://azizonomics.com/2011/08/22/eurocide/ 

Fri, 08/26/2011 - 01:13 | 1603017 Ted K
Ted K's picture

Current trajectory says her toes.

Thu, 08/25/2011 - 22:36 | 1602656 Weimar Ben Bernanke
Weimar Ben Bernanke's picture

It is game over for the euro and EU. The EU was bound to fail and will not survive its first recession.

Thu, 08/25/2011 - 22:38 | 1602658 zorba THE GREEK
zorba THE GREEK's picture

Another shot of adrenalin to keep the corpse moving. 

Thu, 08/25/2011 - 23:14 | 1602784 chump666
chump666's picture

No, I think it's dead now. 

Thu, 08/25/2011 - 23:52 | 1602886 Rodent Freikorps
Rodent Freikorps's picture

I ran across a dead cow in the woods once. I thought it was still alive because it was still moving....until about three possums ran out of its gut.

Fri, 08/26/2011 - 00:55 | 1602993 Spastica Rex
Spastica Rex's picture

Awesome.

Fri, 08/26/2011 - 01:32 | 1603050 Idiocracy
Idiocracy's picture

And that's when you decided to call yourself rodent.  It was providence

Fri, 08/26/2011 - 01:36 | 1603055 Rodent Freikorps
Rodent Freikorps's picture

Nah. I'd just got my Secret Squirrel decoder ring.

Rodents are everywhere. We live in your walls.

Thu, 08/25/2011 - 22:38 | 1602659 bigkahuna
bigkahuna's picture

contagion.

Thu, 08/25/2011 - 22:39 | 1602661 Belrev
Belrev's picture

Pardon me for asking, but if selling becomes illegal, then buying is impossible. Stock market at 0.

Thu, 08/25/2011 - 22:40 | 1602667 Tyler Durden
Tyler Durden's picture

Shhh... don't spoil it. We wondered how long it would take the bureaucrats to figure it out after it became law.

Thu, 08/25/2011 - 22:55 | 1602703 max2205
max2205's picture

New trend: naked buying

Thu, 08/25/2011 - 22:57 | 1602714 Blorf
Blorf's picture

The chairman has no clothes.

Thu, 08/25/2011 - 23:21 | 1602807 spdrdr
spdrdr's picture

In a bathtub?

Fri, 08/26/2011 - 01:22 | 1603032 Raynja
Raynja's picture

when the hurricanes surge recedes

Fri, 08/26/2011 - 07:36 | 1603302 disabledvet
disabledvet's picture

New new trend: "be naked." of course the kids were complaining: "bit Dad...the Japanese wear clothes how come we can't?"

Fri, 08/26/2011 - 01:18 | 1603027 Ted K
Ted K's picture

Let's call a spade a spade, shall we??? It's making short-selling illegal that gets your panties in a wad Tyler. And you still haven't explained whether this is true or false:

http://screwtapefiles.blogspot.com/2011/08/bear-necessities-of-silver-li...

Thu, 08/25/2011 - 22:44 | 1602677 The Shootist
The Shootist's picture

So what does this mean for the European markets in 4 hours?

Fri, 08/26/2011 - 00:16 | 1602938 tom a taxpayer
tom a taxpayer's picture

Sunshine and lollipops. Or sturm und drang and lollipooooops.

Thu, 08/25/2011 - 22:45 | 1602680 kito
kito's picture

and yet that crazy market that trades "gold" is down...go figure....

Thu, 08/25/2011 - 23:04 | 1602744 DeadFred
DeadFred's picture

There may be a good reason for that other than margins. Many of us who expect hyperinflation expect an initial wave of deflation first. Gold may be the canary in the coal mine letting us know that the time is near. I recommend you buy more at the very bottom. Good luck with figuring that one out though, I sold my GLD puts way too early, and bought them too early as well. My crystal ball is very poor on time frames.

Thu, 08/25/2011 - 22:46 | 1602682 Freebird
Freebird's picture

Snuff to turn a grown man to drink

Thu, 08/25/2011 - 22:52 | 1602694 BlackholeDivestment
Thu, 08/25/2011 - 23:50 | 1602881 Manthong
Manthong's picture

Somehow I think a little olive oil and different tune will be required this time around.

http://www.youtube.com/watch?v=0vf7Wv0RC3s

Thu, 08/25/2011 - 23:58 | 1602902 Rodent Freikorps
Rodent Freikorps's picture

If we are doing songs, I'm posting this one. It is the newest song from the Columbiana trailer. No reason other than it took me an hour to run the damn thing down. I've found national secrets faster than that. Anyway.

Lykke Li - I Follow Rivers (new song)

http://www.youtube.com/watch?v=l_HnkwzbAIk

 

Thu, 08/25/2011 - 22:56 | 1602709 holdbuysell
holdbuysell's picture

Was this the reason for the $500M going to the ECB today from the US Fed?

Thu, 08/25/2011 - 23:04 | 1602737 Blorf
Blorf's picture

No, of course not.  Central banks routinely give things to each other as a gesture of friendship.  Think of the $500 million as a nice fruitcake.  Definitely not being laundered to greek banks.  It would be rude for the ECB to regift those dollars to prop up the balance sheet of some manifestly insolvent institution. 

 

I mean, you'd have to be an idiot to keep throwing good money after bad, right?  RIGHT?   What's that you say, Buffett invested $5 Billion in Bank of America?  LOL

Thu, 08/25/2011 - 23:17 | 1602795 BlackholeDivestment
BlackholeDivestment's picture

...well you don't have to be that serious, it's only moral hazard. lol http://www.youtube.com/watch?v=hySwneOLEf0&feature=related

Fri, 08/26/2011 - 01:47 | 1603043 Taku
Taku's picture

How dare they re-gift!

That is just so wrong.

New, freshly-printed, crisp bills only, please.

Fri, 08/26/2011 - 04:06 | 1603169 chindit13
chindit13's picture

That was a royalty payment on the democracy we've licensed from Greece.  Apparently Pap sent a quick note of thanks and asked, "How's that democracy thing working out for your lot over there?"

Thu, 08/25/2011 - 22:58 | 1602721 buzzsaw99
buzzsaw99's picture

...which in turn has sent the Greek 2 year bond bidless, its yield up 227 bps to an all time record 46.38%...

 

Can a Greece get a payday loan up in heya?

Thu, 08/25/2011 - 23:07 | 1602757 Blorf
Blorf's picture

46 fucking percent?  Greece should just put it on the VISA and get airline miles at least.   That way they can use the miles to ship their gold to Berlin and save on the charter flight.

Fri, 08/26/2011 - 00:55 | 1602996 dwdollar
dwdollar's picture

No shit.  Guido charges less than that.

Thu, 08/25/2011 - 23:00 | 1602725 At120
At120's picture

Looks like all the big banks in Greece have been undergoing bank runs.  Once the Greek government pulls 10 billion euros out in the next few weeks to pay off maturing debt, the banks will have zero reserves.  The purpose of this measure is to keep the Greek banks viable, as it looks like most Greeks have opted to pull their accounts and stash their Euros under mattresses rather than face an overnight devaluation to Drachmas.

http://www.ft.com/intl/cms/s/0/ad8d17a2-cc07-11e0-9176-00144feabdc0.html

 

 

 

Thu, 08/25/2011 - 23:03 | 1602743 Bill D. Cat
Bill D. Cat's picture

Where does one buy Drachmas ?

Thu, 08/25/2011 - 23:07 | 1602755 At120
At120's picture

Leave your Euros in a Greek bank and *poof* they'll become New Drachmas, soon enough.

Or surf eBay for the old stuff.

Thu, 08/25/2011 - 23:09 | 1602760 Blorf
Blorf's picture

Where or when?  Where is "any bank in Greece".  When is "the near future".

Fri, 08/26/2011 - 03:14 | 1603133 Peter Pan
Peter Pan's picture

Paper ones or silver ones? The paper ones are now worthless unless you are a collector. The silver coins issued in 1960, 1963 and 1964 are worth much more. The smallest of the three issued in 1960 contains $8 worth of silver and at that time could buy you three movie tickets. The fact that you can no longer buy three movie tickets in Greece with that silver coin is an indication of how undervalued silver still is. It is also an indication of how cheap the cost of living used to be in Greece and how unbearably expensive it has become for its people. That's what a combination of socalist governments, loose finances and EU membership has done to the country.

Thu, 08/25/2011 - 23:04 | 1602745 Newsboy
Newsboy's picture

REMEMBER THE ALAMO!

Thu, 08/25/2011 - 23:13 | 1602776 Arrowhead
Arrowhead's picture

and bow toward Jackson Hole

Fri, 08/26/2011 - 00:13 | 1602932 Rodent Freikorps
Rodent Freikorps's picture

So it's true criminals always return to the scene of the crime?

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