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To: Brilliant
Greek strategy has been let the Greeks take it up their collective backside and gain loans that immediately transfered to other European banks outside of Greece. Greeks gained nothing but more obligations that cannot be serviced. Other banks remain solvent albeit temporarily.
86 posted on 05/06/2016 7:38:10 AM PDT by zek157
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To: zek157

I saw Trump talk about his plan to pay the debt yesterday with Brett. I got the impression that he was backtracking. He said there were a lot of options one of which was to refinance. I guess technically refinancing is paying the debt but you’re still stuck with debt when you refinance. Only the terms are different. And I don’t see refinancing as an advantage given that the debt is already financed at very low rates. He also said that we could discount the debt. I took that to mean that when interest rates go up the value of the debt will go down since its financed at such low rates. He wants to buy it back at that reduced price. But I don’t really see that as a way to pay off the debt in such a short period of time. Basically I got the impression that he doesn’t have a plan and didn’t really mean what he seemed to say.


95 posted on 05/06/2016 7:49:26 AM PDT by Brilliant
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