[Toddsterpatriot]

The $400 billion is the approximate amount Greece has been able to borrow from lenders in order to try and salvage its economy.

This bank share purchase doesn't steal this $400 billion from the Greeks.

One of the hard assets Greece had was its controlling shares of banks (these four banks have assets of $358 billion according to the article).

I notice they failed to mention the liabilities of those banks. Probably close to the $358 billion in assets.

The maneuver stripped control of the banks out of the hands of the Greek government,

I'm waiting for the downside.

it becomes much harder for Greece to get more cash to keep from default.

Still waiting.

I've said before that there is no good way out of this disaster for Greece, but this move takes away a major crutch for the terminally ill nation.

Better capitalization of the banks can't hurt.

[Anitius Severinus Boethius]

Your right, Todd. People changing the law to make a quick buck should be praised and not criticized. Who gives a flying f**k about anyone else? As long as those guys made their money, to hell with anyone else.

Capitalism without a fair playing field is just as oppressive and tyrannical as Communism or the basest dictatorship. Making a vast fortune by harming millions of other people is immoral.

If you don’t think so, then we will never agree on the term “ripoff” because you don’t believe that anyone can be ripped off.