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Reply #61: Please quote any provision in the agreement for future handouts. [View All]

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Divernan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 05:37 PM
Response to Reply #52
61. Please quote any provision in the agreement for future handouts.
One would almost think you are baselessly dismissing this agreement because of how weak and ineffectual, or alternatively, co-opted, it shows the White House and Congress to be in dealing with US banks.

Others who would dismiss this agreement might be those who have personal financial ties to US banks, whether through employment or stock holdings.
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  -Euro zone reaches a greek bailout deal rdking647  Oct-26-11 09:51 PM   #0 
  - what they don't say is China is going to own Greece now  lovuian   Oct-26-11 09:52 PM   #1 
  - The food should be interesting  DJ13   Oct-26-11 09:54 PM   #2 
  - ha!  DCBob   Oct-26-11 10:03 PM   #8 
  - Just noticed your post  dipsydoodle   Oct-27-11 06:14 AM   #19 
  - Greece should be in good company  Zyzfyx   Oct-27-11 01:21 PM   #44 
  - the euro regions bailout fund will be leveraged by four to five times  DJ13   Oct-26-11 09:56 PM   #3 
  - Yeah, that's nervous-making. nt  Mist   Oct-26-11 09:57 PM   #5 
  - The 50% reduction is a big concession. nt  Mist   Oct-26-11 09:56 PM   #4 
  - it beats 100% in an uncontrolled default  rdking647   Oct-26-11 09:58 PM   #6 
  - No. It does not.  JackRiddler   Oct-27-11 06:25 AM   #20 
  - not big enough, though.  Roland99   Oct-27-11 08:19 AM   #31 
  - Greek Bonds Trading With Expectation Of Substantial Further Haircuts  Roland99   Oct-27-11 08:31 AM   #32 
  - I'm confused  bluestateguy   Oct-26-11 10:02 PM   #7 
  - thats because europe keeps kicking the can down the road  rdking647   Oct-26-11 10:04 PM   #9 
  - because the previos ones were temporary and not big enough.  DCBob   Oct-26-11 10:05 PM   #10 
  - This is good and may be a big step in the right direction.  DCBob   Oct-26-11 10:13 PM   #11 
  - Can somebody explain this is simple terms?  Matilda   Oct-26-11 10:16 PM   #12 
  - Basically the Greek bond holders are getting the shaft.. .losing 50% of their investment.  DCBob   Oct-26-11 10:28 PM   #13 
  - The austerity measures mean the Greek people shoulder most of the burden.  Matilda   Oct-26-11 11:10 PM   #15 
     - Totally agree. The austerity stuff sucks and doesnt work anyway.  DCBob   Oct-26-11 11:13 PM   #16 
     - To run a public works program  dipsydoodle   Oct-27-11 06:32 AM   #21 
        - Congratulations, you are replicating FOXNEWS talking points about lazy, unreliable Greeks.  JackRiddler   Oct-27-11 08:18 AM   #30 
           - I provided fact  dipsydoodle   Oct-27-11 08:46 AM   #33 
              - What you think is a "national pastime" to Greeks is your opinion, not fact.  JackRiddler   Oct-27-11 08:52 AM   #34 
                 - Its Greece we're discussing :; not Ireland  dipsydoodle   Oct-27-11 09:19 AM   #37 
                    - Incorrect. We are discussing the world financial crisis brought on by the banksters...  JackRiddler   Oct-27-11 11:06 AM   #40 
  - Basically, the Greek people are being screwed for the next two generations.  JackRiddler   Oct-27-11 06:37 AM   #22 
  - Hasn't Greece been forgiven a huge amount of its debt, in this deal?  Nye Bevan   Oct-27-11 07:29 AM   #24 
  - Greeks are being squeezed out of every last Euro that the creditors calculate they can get.  JackRiddler   Oct-27-11 08:12 AM   # 
  - (dupe delete)  JackRiddler   Oct-27-11 08:12 AM   #28 
  - this is a case where the greek people and their leaders are at fault  rdking647   Oct-27-11 08:10 AM   #26 
  - Bankster propaganda. Anti-Greek cliches.  JackRiddler   Oct-27-11 08:13 AM   #29 
     - so what would you suggest  rdking647   Oct-27-11 08:59 AM   #35 
        - My suggestion to you? That you stop using ridiculously invalid metaphors.  JackRiddler   Oct-27-11 10:55 AM   #39 
           - lets say greece defaults  rdking647   Oct-27-11 11:16 AM   #41 
              - Ask Argentinians if they would have preferred to accept IMF slavery.  JackRiddler   Oct-27-11 12:12 PM   #42 
                 - the big difference is argentinia had an export driven economy  rdking647   Oct-27-11 01:17 PM   #43 
                    - This is all the more reason for Greece to develop domestically. Any other irrelevant objections?  JackRiddler   Oct-27-11 01:27 PM   #45 
                       - my objections are based in reality  rdking647   Oct-27-11 02:58 PM   #46 
                          - Bankster "reality" perhaps, not the real interests of the Greeks.  JackRiddler   Oct-27-11 04:10 PM   #48 
                             - your words make it clear you arent living in the real world  rdking647   Oct-27-11 05:01 PM   #49 
                                - Sad little last volley -- how old are you anyway?  JackRiddler   Oct-27-11 09:19 PM   #67 
  - I agree.  potone   Oct-27-11 09:31 AM   #38 
  - Greece is not a business. Businesses are not valid metaphors for nations.  JackRiddler   Oct-27-11 06:50 AM   #23 
     - Amen!  Demeter   Oct-27-11 08:12 AM   #27 
     - Repeat. This. Truth.  Celefin   Oct-27-11 09:01 AM   #36 
  - Thanks for this. I've basically been online most of the day waiting for the news  riderinthestorm   Oct-26-11 10:50 PM   #14 
  - Euro markets opening way up..  DCBob   Oct-27-11 02:22 AM   #17 
  - Sarkozy to Seek China Aid as EU Expands Rescue Fund  dipsydoodle   Oct-27-11 06:12 AM   #18 
  - Not nearly enough to make a difference  Yo_Mama   Oct-27-11 07:32 AM   #25 
  - Cutting Greek debt by 50% won't save the banks or the Greeks IMHO.  kiranon   Oct-27-11 03:18 PM   #47 
  - It buys time for everyone... alot of time... and that may be enough.  DCBob   Oct-27-11 07:23 PM   #65 
  - Banks Agree to Take Loss on Greek Debt to Help Resolve Euro Crisis  Divernan   Oct-27-11 05:36 PM   #50 
  - Leaders goal: restore market confidence in the Euro & creditworthiness of 17 countries using it.  Divernan   Oct-27-11 05:36 PM   #51 
  - They might still get handouts. They just have to try to raise the capital first.  dkf   Oct-27-11 05:36 PM   #52 
  - Please quote any provision in the agreement for future handouts.  Divernan   Oct-27-11 05:37 PM   #61 
     - Here...  dkf   Oct-27-11 05:37 PM   #63 
        - EFSF issues bonds or other debt instruments - these are not "handouts".  Divernan   Oct-27-11 05:37 PM   #64 
           - It's only a handout if the TARP was a handout.  dkf   Oct-27-11 09:44 PM   #68 
  - How kind of them...  naaman fletcher   Oct-27-11 05:36 PM   #53 
  - Isn't that 50% more loss than US banks have taken?  Divernan   Oct-27-11 05:36 PM   #54 
     - yep  naaman fletcher   Oct-27-11 05:36 PM   #55 
  - Sounds like a strategic victory for Germany in the power struggle w/banks  Divernan   Oct-27-11 05:37 PM   #56 
  - Yes; Merkel does her work well.  elleng   Oct-27-11 05:37 PM   #60 
  - I would NOT assume that the banks agreed to this without a handout /nt  still_one   Oct-27-11 05:37 PM   #57 
  - "token Brady bonds" (see post 6) do not equate to handouts.  Divernan   Oct-27-11 05:37 PM   #59 
  - The lesson, for U.S. politicians, such as it is, is don't be in Europe,  elleng   Oct-27-11 05:37 PM   #58 
     - That's the message which true believers in some US politicians don't want to hear.  Divernan   Oct-27-11 05:37 PM   #62 
  - "...Sarkozy said the euro regions bailout fund will be leveraged..."  unkachuck   Oct-27-11 08:12 PM   #66 

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