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To: Toddsterpatriot

These investors are probably the same people who hold much of the Greek debt. They will get paid on both ends. They will get money from the Greek government during repayment, they will be holding capital of the Greek people, and if the banks start to fail, they can rely on the IMF to bail them out... again.


22 posted on 11/28/2015 8:10:47 PM PST by Anitius Severinus Boethius (www.wilsonharpbooks.com - Sign up for my new release e-mail and get my first novel for free)
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To: Anitius Severinus Boethius
These investors are probably the same people who hold much of the Greek debt.

It would suck to be them.

Banks have announced plans to shore up their capital before the end of the year, when legislation puts savers with more than 100,000 euros on the hook for losses. The plans include swap offers to creditors, described by Standard & Poor's as "distressed exchanges"

Greek Banks Ask Investors to Take Leap of Faith Amid Uncertainty

Distressed exchanges, ouch!! That's when current debt holders take it in the shorts.

They will get money from the Greek government during repayment

Yeah, they'll probably get a huge haircut.

they will be holding capital of the Greek people

What capital is that?

Bank shares lost almost 84 percent of their value since the beginning of the year, while the four biggest firms had combined net losses of about 4.6 billion euros in the first nine months.

Same link as above.

They just put $6.4 billion into banks that lost over $500 million a month this year.

23 posted on 11/28/2015 8:26:06 PM PST by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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