U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-09-2012, 02:18 PM
 
1,532 posts, read 1,532,356 times
Reputation: 385

Advertisements

ISDA CDS Trigger Decision Is Unanimous | ZeroHedge


Greek has defaulted on their bonds, there will be hell to pay in Europe as the banks try to cover the 1 trillion in insurance CDS that were written.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 03-09-2012, 02:21 PM
 
Location: CHicago, United States
6,934 posts, read 7,918,715 times
Reputation: 3497
On balance, it's good news ... compared to what the impact of really bad news would have been. The markets have anticipated this for a long time now.

Greek Debt Relief to Trigger Bond Insurance Payout - ABC News
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-09-2012, 04:56 PM
 
8,483 posts, read 6,475,590 times
Reputation: 1119
Yeah I would say when you have write downs of that magnitude you got a default, no matter what you call it. The plans that were circulated for March seem to be accurate.

Now the question will be how much can things be "minimized" w/ Greece and other countries. Seems the "banksters" are going to "milk" these countries as much as they are allowed. This isn't just going to be a European issue though. These effects are global.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-09-2012, 05:00 PM
 
Location: Great State of Texas
86,068 posts, read 78,996,444 times
Reputation: 27669
I like that..instead of default it's now a "credit event".
And this time Greece only bilked them for about 10% of their principle.

Read this earlier and laughed. Credit events and bond swaps and CDS payments.
I really think the only one buying Greek bonds are governments because no single investor in his right mind would touch Greek paper.

Default is not an option. So let's call it something else and play it down
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6. The time now is 03:34 PM.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top