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Old 05-06-2010, 10:54 PM
 
Location: Sputnik Planitia
6,898 posts, read 9,677,632 times
Reputation: 7598

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Old 05-07-2010, 12:05 AM
 
Location: Great State of Texas
86,068 posts, read 76,631,796 times
Reputation: 27642
The banks were only too happy to loan to Greece and help them with derivatives.
No mention of our own Fed though and how much we've loan them.
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Old 05-07-2010, 04:40 PM
 
Location: City of North Las Vegas, NV
11,437 posts, read 8,280,662 times
Reputation: 3073
Quote:
Originally Posted by HappyTexan View Post
The banks were only too happy to loan to Greece and help them with derivatives.
No mention of our own Fed though and how much we've loan them.
Correct, I think we have to worry more about ourselves and what we do.
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Old 05-07-2010, 08:42 PM
 
20,194 posts, read 21,507,727 times
Reputation: 9233
Apparently risk-taking is as alive as ever... I remember that BoA is also heavily invested in Greece... apparently many bankers thought Greece would make them lots of money... oppss... I wonder if we are going to bailout them again... I seem to remember politicians promising to stop... we'll see how long that lasts.. The strange thing is that Greece is widely recognized as a socialist-like country and they are going to overthrow their very socialist-like government for an even more socialist government... its like finding out what the problem is and then making the problem even worse...
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Old 05-07-2010, 09:22 PM
 
Location: City of North Las Vegas, NV
11,437 posts, read 8,280,662 times
Reputation: 3073
Quote:
Originally Posted by evilnewbie View Post
Apparently risk-taking is as alive as ever... I remember that BoA is also heavily invested in Greece... apparently many bankers thought Greece would make them lots of money... oppss... I wonder if we are going to bailout them again... I seem to remember politicians promising to stop... we'll see how long that lasts.. The strange thing is that Greece is widely recognized as a socialist-like country and they are going to overthrow their very socialist-like government for an even more socialist government... its like finding out what the problem is and then making the problem even worse...
Just after WWII, the far right and far left are looking to fill the current void in Greece. What might happen is a civil war, or if special interests persist a regional war with all the Balkan states including Turkey once again. This could be extremely ugly possibly bringing on WWIII
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Old 05-08-2010, 08:22 AM
 
21,464 posts, read 19,258,569 times
Reputation: 12079
I don't think the communists would want greece anymore, they're that broke.
Hey maybe communism won't want America either, we'll be too broke.
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Old 05-09-2010, 01:08 PM
 
Location: Backwoods of Maine
7,309 posts, read 8,988,749 times
Reputation: 20029
Quote:
Originally Posted by Icy Tea View Post
I don't think the communists would want greece anymore, they're that broke.
Hey maybe communism won't want America either, we'll be too broke.
Correct! We already have MORE debt here in the US than the entire Eurozone put together. Shhhhhh...don't tell anybody!
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