Sunday, June 26, 2011

UK Treasury = UK Banks and Greece

Guardian: Reports that the UK Treasury in effect wants to UK banks to take losses on the Greece debt. Folks, if this is the case then Greece had defaulted on its debt, any debts that are written off or reduced is a default, also it’s a game, the Greek economy has hit its Iceberg, it’s the Titanic going down, and any rescue is a drunken vision. The UK banks cant afford to take these debts write off for Greece, the banks should say NO, because folks you can count on this, the banks will go back to the Government and demand a bailout for reducing the debt of Greece, thus the tax payer will have to bailout the banks again, banks sell your debt, ditch Greece.

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