Greece poses $41 billion risk to U.S. banks

11 posts / 0 new
Last post
#1 Wed, Jun 15, 2011 - 7:44pm
Shill
Offline
-
Mars
XX
Joined: Jun 14, 2011
3718
0

Greece poses $41 billion risk to U.S. banks

https://www.marketwatch.com/story/greece-poses-41-billion-risk-to-us-banks-2011-06-15?link=MW_story_latest_news

Hmm, I feel this number is a little Low. Stimulus is over and now come the huge Federal job cuts along with continued state and local government cuts. Things are going to get real bad.

Keep your eyes on Greece and learn.

Edited by: Shill on Nov 8, 2014 - 5:07am
And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers.
Thu, Jun 16, 2011 - 1:52am
xaritas
Offline
Joined: Jun 14, 2011
48
1357

More EUR trouble

"ECB's Wellink calls for doubling of euro bail-out fund"

https://www.reuters.com/article/2011/06/16/euro-wellink-idUSLDE75F029201...

came across via https://www.forexlive.com/blog/2011/06/16/ecbs-wellink-european-emergenc...

Recommendation was to double bail out fund to 1.5T EUR. This little comment pulled the rug out from under EUR/USD. (Which was sweet because I am short)

Thu, Jun 16, 2011 - 6:33am
Shill
Offline
-
Mars
XX
Joined: Jun 14, 2011
3718
0

Greek 2y bond yield just

Greek 2y bond yield just tipped 29%.

GGGB2YR: GREEK GOVT BOND HELLENIC REP2Y Summary - Bloomberg

Mother mary.

And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers.
Thu, Jun 16, 2011 - 6:35am
33 and a turd
Offline
-
Luxembourg
Joined: Jun 14, 2011
213
1283

Germany wants to delay the

Germany wants to delay the second Greek bailout to September

https://www.forexlive.com/blog/2011/06/16/euro-zone-banking-sources-say-...

A nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people. John F. Kennedy
Thu, Jun 16, 2011 - 6:40am 33 and a turd
GFforever
Offline
-
Czech Republic
Joined: Jun 15, 2011
7
6

30 %  now   and the rest

Thu, Jun 16, 2011 - 8:30am GFforever
caramel
Offline
-
Toronto,
Canada
Joined: Jun 14, 2011
65
320

http://www.bloomberg.com/apps

https://www.bloomberg.com/apps/quote?ticker=GGGB10YR:IND

Ga, 10yr over 18%. Talk about pointing a gun at the politicians.

Thu, Jun 16, 2011 - 9:08am
davefess
Offline
-
Eagle River, WI
Joined: Jun 14, 2011
130
753

remember the movie Coming to America?

so how soon do we see similar events here. When Greece eventually defaults would that not start a chain reaction of bankruptcy/credit freeze in the financial world?

"it's game over man, game over!"
Thu, Jun 16, 2011 - 9:18am davefess
BlackHawk
Offline
-
Truman Lake, MO
Joined: Jun 15, 2011
1456
3888

So it would seem davefess

Is that when silver finally becomes currency along with gold?

Also, go long stored wheat, beans, rice and toilet paper.

Thu, Jun 16, 2011 - 9:45am
davefess
Offline
-
Eagle River, WI
Joined: Jun 14, 2011
130
753

rice

we have been buying bags or rice now for awhile! :) also thinking of buying a bunch of incandescent light bulbs and selling those next year at 3X the price now since you won't be able to get them

"it's game over man, game over!"
Thu, Jun 16, 2011 - 9:48am BlackHawk
caramel
Offline
-
Toronto,
Canada
Joined: Jun 14, 2011
65
320

http://www.zerohedge.com/arti

https://www.zerohedge.com/article/collapsing-greek-income-statement-or-why-greece-doomed

pretty much all that's relevant - if Greece is in the red big time year over year currently, more debt, with higher & higher interest rates coupled with plummeting revenue will continue to exacerbate the problem.

Either creditors take a big time hit to reduce expenses for the Greeks or the Greeks default. Problem for the Greeks is even if the creditors restructure, its citizens will remain indebted for the long term to the bankers. Why give away your assets and in particular, your gold, only to kick the can down the road a little while only to be back in the exact same position you're in today?

Thu, Jun 16, 2011 - 5:33pm
atlee
Offline
Joined: Jun 14, 2011
1427
12263

Does China Rescue Greece?

Because Europe is one of their biggest trading partners? Jeez... Greece, China... all we have to so is figure a way to get Turkey in here and we can have dinner.