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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Greek bond soaring , closer to default.
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Poster Handle
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Anonymous Coward |
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Post Content
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somebody please explain the concept:
are these 1y bonds some papers issued by the greek government promising the buyer to buy them back @ printed value + 134% interest, and they have to make such a ridiculouos offer because otherwise nobody would buy them and therefor lend them the money,
or do you buy them at "face value" but they are so hot that they practically get ripped out of the hands of the greek bank before they even hit the counter, and the 130% are a kind of premium the banks are asking for because they can?
Quoting: Anonymous Coward 1547388 I believe so. I think it means 'hey I know we are in a rough spot, but if you invest in us, and suddenly we become a success you will be paid back MASSIVE amounts of money that you invested in us". Of course only the really really dangerous investments need to se this kind of an offer, you would never see the US beg for bond investments like this. So yea, I think your right.
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