DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Eurozone leaders agree on new Greece bailout package

**duminyricky** · 07-26-2011, 08:20 AM

As far as I am informed one of the rules of the free market is that gains are mine as well as losses. Ergo I have to take losses into account if I flush my money down the toilet and throw it at unsolid offers like the greek promise for high interest revenues. The point is that banks and "speculators" have been doing precisely the opposite. Trying to keep their gains while firstly raising interest rates on Greece to the point of governements having to become involved and then whine loud enough to put the burden for the mess they helped creating on the european taxpayer( along with their willing, incompetent, greedy and corrupt helpers in the ruling greek business elites and governement. Forcing the private sector to become involved is re-applying the normal rules of an orderly economy. If banks invest in risky businesses that go bancrupt they have to write off losses as well in the US I assume.

I'm not exactly sure what it is that you are trying to say.

Who are you calling "speculators"? Those that have purchased Greek bonds, or those who have been selling Greek bonds?

The rating agency Moodys does not share your opinion as well by the way. While it has downgraded Greece it sees the overall impact and the outlook for Greece as better now :

Moody's downgrades Greece to near-default - FINANCE - FRANCE 24

That is excellent news: The purveyors of the obvious - Moody's - have reassured us all that now that Greek is about to default, there is not much further room to downgrade their debt.

07-26-2011, 08:20 AM	#20
duminyricky Join Date Oct 2005 Posts 464 Senior Member	As far as I am informed one of the rules of the free market is that gains are mine as well as losses. Ergo I have to take losses into account if I flush my money down the toilet and throw it at unsolid offers like the greek promise for high interest revenues. The point is that banks and "speculators" have been doing precisely the opposite. Trying to keep their gains while firstly raising interest rates on Greece to the point of governements having to become involved and then whine loud enough to put the burden for the mess they helped creating on the european taxpayer( along with their willing, incompetent, greedy and corrupt helpers in the ruling greek business elites and governement. Forcing the private sector to become involved is re-applying the normal rules of an orderly economy. If banks invest in risky businesses that go bancrupt they have to write off losses as well in the US I assume. I'm not exactly sure what it is that you are trying to say. Who are you calling "speculators"? Those that have purchased Greek bonds, or those who have been selling Greek bonds? The rating agency Moodys does not share your opinion as well by the way. While it has downgraded Greece it sees the overall impact and the outlook for Greece as better now : Moody's downgrades Greece to near-default - FINANCE - FRANCE 24 That is excellent news: The purveyors of the obvious - Moody's - have reassured us all that now that Greek is about to default, there is not much further room to downgrade their debt.
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