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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Unfortuately....
Post #349,619
by S1mon_Jester
10/25/11 6:20:38 PM
Reply
New Unfortuately....
I think the bankers, as a whole, believe they are entitled to a bailout. Thus they're "refusing" to take a larger part of the loss.

They don't seem to realize the concept that they could be asked to take the whole loss.

(Or they're good enough poker-players to recognize they could...and it wouldn't make a difference.)
Post #349,624
by mmoffitt
10/26/11 8:00:20 AM
Reply
New Given what happened here, why wouldn't they think that?
Heck, they've been explicitly told they are entitled to a bailout requiring no serious change to the way they conduct business, nor even any real oversight.
     No agreement on Euro issues. No meeting. What a surprise. - (Another Scott) - (8) - Oct. 25, 2011, 11:45:27 AM EDT
         There's a certain grim inevitability... - (pwhysall) - (2) - Oct. 25, 2011, 12:11:26 PM EDT
             Unfortuately.... - (S1mon_Jester) - (1) - Oct. 25, 2011, 06:20:38 PM EDT
                 Given what happened here, why wouldn't they think that? - (mmoffitt) - Oct. 26, 2011, 08:00:20 AM EDT
         BBC: Agreement reached. 50% haircut on Greek debt. - (Another Scott) - (4) - Oct. 26, 2011, 10:32:22 PM EDT
             Can someone explain something for me? - (drook) - (3) - Oct. 26, 2011, 10:41:34 PM EDT
                 The idea is to have an orderly default. - (Another Scott) - (2) - Oct. 26, 2011, 11:07:00 PM EDT
                     Too bad we couldn't have convinced our banks to do that. - (mmoffitt) - (1) - Oct. 27, 2011, 08:01:32 AM EDT
                         Heh. -NT - (Another Scott) - Oct. 27, 2011, 08:29:32 AM EDT

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