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Message Subject GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
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zerohedge‏@zerohedge

The Grexit "plan" was laid out two weeks ago by JPM: the "plan" involves realizing an immediate €400bn in losses
 Quoting: Luisport


What?

'splain me, Luis. :)
 Quoting: Éireann


The 400bn is aprrox. Greece's public debt (355,6bn to be exact). The banks will take immediately that loss and depending on Greece's actions after that, they could take a new hit of about 200-250bn which is the private debt that Greek citizens and business have. The thing is though that if JPM planned that i bet it will be messy.
 Quoting: insertfunnyusername


Holy shit. So this "global" hedge fund JPM is losing money from was linked to the Greek debt crisis?

Oh man! How st00pid are these people? Their casino games are hurting real people that don't deserve and of this crap. What the hell is an American financial planner doing buying up and then betting on another country's ability to pay her debt or the chance of another country coming to its rescue?

This makes no sense to me. Zero. It's criminal! It's unnecessary and does nothing to benefit humanity in any way shape or form. This is ludicrous.
 Quoting: Éireann


A lot of money will be made for the vulture funds and banks by this action and i agree that is criminal and unnecessary. It is like if i am betting in your ability to pay back your mortgage and if you can't do that i have the right to take your house. Absurd to say the least. Read somewhere that global debt is about 40-70 trillion and the amount of derivatives and swaps is 400+ trillion. These money can't be repaid or found without including slavery.
 
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