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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on April 09, 2010, 04:32:57 PM

Title: Greece Says "Thank You US Taxpayers"
Post by: Bindare_Dundat on April 09, 2010, 04:32:57 PM

The IMF, realizing it had a catastrophe on its hands, has caved in and according to Reuters will provide US taxpayer money to Greece at vastly below market rates of the SDR rate plus 300 bps plus a 50 bps service charge. With the SDR rate at 0.26%, this comes out to a ridiculous 376 bps, or massively below where Greece could possibly borrow at market. And guess who takes the first loss risk on a pro rata basis? That's right US taxpayers - you.

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http://www.zerohedge.com/article/imf-bailout-greece-come-sdr-rate-plus-300-bps-plus-50-bps-service-charge-greece-says-thank-y?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Title: Re: Greece Says "Thank You US Taxpayers"
Post by: MindSpin on April 09, 2010, 04:40:32 PM

what?

Title: Re: Greece Says "Thank You US Taxpayers"
Post by: Bindare_Dundat on April 09, 2010, 04:47:04 PM

Ron Paul questions Ben Bernanke about bailing out Greece. starts at 4:15. Bernanke denies it.

Title: Re: Greece Says "Thank You US Taxpayers"
Post by: 24KT on April 09, 2010, 05:45:16 PM

Quote from: Bindare_Dundat on April 09, 2010, 04:47:04 PM

Ron Paul questions Ben Bernanke about bailing out Greece. starts at 4:15. Bernanke denies it.

As far as I'm concerned, ...he paused a little too long when answering that question.  :-\

Title: Re: Greece Says "Thank You US Taxpayers"
Post by: GigantorX on April 09, 2010, 06:34:09 PM

Ron Paul is a smart man.

Bernanke is def. a lying piece of shit that deserves the gallows.

Paul just got him to go on record and say what he said.

Smart move.