Greece Debt Crisis is Over...# Living
h*3
1 楼
Greece's debt crisis is officially "over" today! Greece gov't "forced" all
bondholders to swap $172,000,000,000 (that's in billion) old debt w/ new
debt at a steep discount--the so called "voluntary" exchange. financial mkt
all over the world celebrated on the news.
wonder if PIIGS members, Ireland, Portugal, Italy, & Spain would take Greece
as their role model... btw, this is similar to Obama government's
initiative of forcing big banks to write down mtg principals of home owners
whose prop are "upside down".
even worse would be US gov't going back to China, Japan, and all the other
countries holding US gov't debt asking for a "voluntary" exchange of old
debt w/ discounted new debt. In fact US is already doing it--the dollar
depreciated over the past 30-40 yrs... re-paying a dollar today over the
same dollar US borrowed years ago is in essence the same trick and it goes
on and on and on...
bondholders to swap $172,000,000,000 (that's in billion) old debt w/ new
debt at a steep discount--the so called "voluntary" exchange. financial mkt
all over the world celebrated on the news.
wonder if PIIGS members, Ireland, Portugal, Italy, & Spain would take Greece
as their role model... btw, this is similar to Obama government's
initiative of forcing big banks to write down mtg principals of home owners
whose prop are "upside down".
even worse would be US gov't going back to China, Japan, and all the other
countries holding US gov't debt asking for a "voluntary" exchange of old
debt w/ discounted new debt. In fact US is already doing it--the dollar
depreciated over the past 30-40 yrs... re-paying a dollar today over the
same dollar US borrowed years ago is in essence the same trick and it goes
on and on and on...
