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Originally posted by AuntB
Quite the reading on here. I just don't know. Will anything really be resolved with the G20? The more I read the more I get depressed and frustrated. Do any of you see any hope?
Originally posted by AuntB
Quite the reading on here. I just don't know. Will anything really be resolved with the G20?
In essence, what G-Pap said in parliament today is that there will be no referendum if and only if there is an agreement from the main opposition party. Alas, as the following headlines from Reuters indicate, this now appears to be a non-starter.
* GREEK OPPOSITION LEADER ASKS PM TO RESIGN
* GREEK OPPOSITION LEADER SAYS PM MUST QUIT, ELECTIONS MUST BE HELD
But most importantly,
* GREEK OPPOSITION LEADER SAYS RESIGNATION IS A CONDITION FOR TALKS
And so back to square one, as G-Pap's bluffing blows up in his face and any agreement is now contingent on his departure, something he has said will not happen.
In this evening’s speech delivered by finance minister Venizelos, he highlighted ten points.
1: All necessary measures must be taken to receive the bailout from our partners and creditors. At the same time the bailout should be approved by a majority of 180 lawmakers in the 300 seat parliament.
2: Any plans of referendum should be scrapped.
3: A consensus with New Democracy (ND) is on the cards and the chance to reach a common deal with the main opposition party seems a reality.
4: Our banking system has to kept secured and guaranteed.
6: Greece must receive the 6th tranche before December 15.
7: Negotiations about the new bailout agreement with Troika need to be started as soon as possible.
8: “We need to work with our partners on the Public Sector Involvement to achieve, if possible, 100% participation in the debt haircut".
9: New bailout agreements need to be ready by January 12. Greek banks have raised 120 billion euros from European Central Bank so far.
10: The bottom line is that the Greek people should decide about all the above
Today democracy died in favor of the banks.
Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.
I actually just posted on another sight about Fannie & Freddie. This makes me sick. How dare they ask for more money after paying out almost $13 million in bonuses. These companies are a prime example of what is wrong with this world.
Originally posted by Vitchilo
Freddie Mac Loses $4.4B in Third Quarter, Requests $6B More From Treasury
Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.
You read that right...
Originally posted by AuntB
I actually just posted on another sight about Fannie & Freddie. This makes me sick. How dare they ask for more money after paying out almost $13 million in bonuses. These companies are a prime example of what is wrong with this world.
Originally posted by Vitchilo
Freddie Mac Loses $4.4B in Third Quarter, Requests $6B More From Treasury
Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.
You read that right...
After reading the following just released announcement from Bloomberg stating that "the U.S. SEC is reviewing trades in MF Global Holdings Ltd. convertible bonds to determine whether some investors sold the debt based on confidential information before the firm’s demise, two people with direct knowledge of the matter told Bloomberg’s Joshua Gallu and Shannon D.Harrington" we are quite stunned: how on earth will the SEC, which is the official depository of the dumbest and most corrupt people on earth, go about doing this? And what about what is an already confirmed act of gross fiduciary duty breach in the form of commingling client accounts: is that one too complicated for the SEC, so it has to proceed with this ridiculous diversion and pretend it is doing something when the biggest criminal is right there starting everyone, especially those from New Jersey, in the face?
This is what GPap did :
There were rumors of a military coup in Greece. So GPap announced a referendum to calm things down, while never wanting to really do it. Then he changed the military leadership to stop a coup. Then announced the referendum was canceled.
The guy is total scum.
. Everyone claims we live in a democracy, but in truth, this is just a corrupt republic the same as Julius Caesar was faced with when he crossed the Rubicon. The propaganda that has survived painted Caesar as an evil dictator. But when he crossed that river, the people cheered, the senators fled Italy, and Caesar walked into Rome as a hero. There was a massive debt crisis and the people were ecstatic. Republican government always turns into corrupt vile things dominated by oligarchies. We are at that same point in time.
It is time for a serious reflection upon the thinking of European leaders. They are hell-bent on creating a civil war and rising social unrest all to keep the dent game going and the bankers happy. Europe is on the verge of a death spiral of spending cuts and tax increases as socialism collapses and there is desperate attempts going on to retain political power at the expense of society. Greece is in deep trouble thanks to the economic crisis set in motion by New York CDS products that has manifested in an economic contraction that appears to be headed for at least a 7 year contraction coupled with escalating debt. This makes absolutely no sense whatsoever.
The aftershocks of the coming Greek default are likely to now trigger a global economic disaster. This is far beyond the question of whether Greece stays or does she go. We are approaching the point of no return. The loss of credibility created by the crisis extends to the entire Sovereign Debt Crisis that has seized control of western civilization and Japan. While Merkel last week raised the specter of “war” if the Eurozone goes down, she had better listen to her own words and look at the long-term. Stop the bull#. This is the whole global economy we are talking about now.