GREECE CUT TO SELECTIVE DEFAULT FROM CCC BY S&P!!! Deutsche Bank Hid $12 Billion In Losses To Avoid A Government Bail-Out!!!

zerohedge‏@zerohedge

Greek t-shirt reads: "Third Point made a 150% return on Greek bonds in 4 months and all I got was this Selective Default"

zerohedge‏@zerohedge

ECB is delighted to accept Greek defaulted bonds as collateral.

zerohedge‏@zerohedge

EUR rising now that defaulted Greek bonds will collateralize it

2 minzerohedge‏@zerohedge

Selective Default is not Massive, Global, Uncontrolled Default. Bullish.

3 minzerohedge‏@zerohedge

Team of Deloitte's most crack auditors rumored to be entering Greek finance ministry.

zerohedge‏@zerohedge

@TFMkts At least not being attacked is the hubris one can daytrade insolvent bonds on hope and prayer of taxpayer cram downs

zerohedge‏@zerohedge

BOOM: DEUTSCHE BANK HID ABOUT $12 BILLION IN LOSSES, FT SAYS
maby related to Greece???

zerohedge‏@zerohedge

Luckily, only DB hid billions in losses among Europe's insolvent banks

zerohedge‏@zerohedge

Former Deutsche Bank employees make complaints to US regulators

well what will be the euro and markets tomorrow???

Just crossing the wires – S&P has stripped Greek sovereign debt of its CCC rating and declared it in "selective default."

S&P has yet to issue a press release related to the rating action.

A media contact told Business Insider that S&P's internal system that generates the press releases is down, which means they themselves can't even get to the press release yet.

As soon as the release is available, we will post it here


Read more: [link to www.businessinsider.com]

Selective default is in all effect bankruptcy. Greece is now entering the accelerated stage of collapse.

Donald trump has declared Bankruptcy several times. He always bounces bank. The executives at Solyndra are doing just fine as well.

The East German witch
Angela Merkel will destroy the
Very fabric of Greece,
Italy, and then Spain and Portugal. The
Socialist agenda, neé Comintern, is
Thinking long term and due to apathy is
Openly pursuing an agenda now that
Communism is thought to be dead.
Kooks is what they will label you is you point this out.

At some point, like maybe right now.... there is just no more "money" to paper-over the hole in not only the Greek economic system, but the Entire Global Fiat Money System...

None of this is "sudden" or unexpected. The dominoes began falling in July/August of 2008 in earnest. Before they were merely leaning. This is like one of those huge gymnasium size domino projects; all have tumbled over but the last few rows.


The whole world will soon collapse economically and nuclear war is likely to hide the audit trails, eliminate the surplus population and obscure the real cause of the chaos. After all, in the rebuilding, TPTB would like to think their heirs are smart enough to con the world into another fiat scheme, so they can fleece the sheep one more time.

In these Final Moments, days maybe weeks, unless you have already become self-sufficient/self-reliant as fully as possible; you are wasting valuable time and will lose the economic resource your "money" represents. While it still has purchasing power and there are desirable items to own to enable your personal and familial perseverance, you will face complete ruin if you fail to Take Action NOW...


Greece, Japan, UK, USA, Germany, France, China, Mexico, Spain, all will fail and chaos will ensue world wide. That is THE PLAN. Hope you and yours are out of the line of fire...

Maybe you should go look up the definition of derivative.

2 weeks till it all blows

That sounds about right.

yep they will try to kick the can til the 21st

yeah right! lol typical GLP response :)

Just read about it, but wait for the reactions tomorrow (now it is 1.45 am here. The first reactions for the online media and some people who post at the banking news sites are very careful or nearly indeferent "wait till tomorrow afternoon to see what happens at the stock market and about the buyback of the greek bond", "it happened again in February".. etc

but i do believe the deutche bank news is more important right now and we will see the reactions tomorrow.

Last Edited by Ostria1 on 12/05/2012 06:53 PM

Will this start a derivatives unwind????

Get ready for the satanic world order suckers, a microchip is coming to a hand near you...

not any more...

That's some news OP, very interesting thread.

It should be called the New World Disorder