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Post by mdub on Oct 30, 2011 1:18:28 GMT -6
Max Keiser reports on the Euro "deal"....He says that there was no 50% haircut for bondholders, and that bondholders were bailed out with money from derivatives and inflation, which is why the stock markets went up.
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Post by unlawflcombatnt on Oct 30, 2011 8:35:21 GMT -6
Max Keiser reports on the Euro "deal"....He says that there was no 50% haircut for bondholders, and that bondholders were bailed out with money from derivatives and inflation, which is why the stock markets went up. So that would explain all the "joy" about the Euro bailout. The bondholders are actually getting their money after all, courtesy of European taxpayers and reduced buying power of the Euro from the ensuing inflation.
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