11-Apr-11 News -- Tiny Iceland rejects demands of the Europe

Discussion of Web Log and Analysis topics from the Generational Dynamics web site.
John
Posts: 11479
Joined: Sat Sep 20, 2008 12:10 pm
Location: Cambridge, MA USA
Contact:

11-Apr-11 News -- Tiny Iceland rejects demands of the Europe

Post by John »

11-Apr-11 News -- Tiny Iceland rejects demands of the European Union bullies

Europe's financial crisis grows

** 11-Apr-11 News -- Tiny Iceland rejects demands of the European Union bullies
** http://www.generationaldynamics.com/cgi ... 11#e110411

mannfm11
Posts: 246
Joined: Thu Oct 09, 2008 11:14 pm
Location: DFW Texas
Contact:

Re: 11-Apr-11 News -- Tiny Iceland rejects demands of the Eu

Post by mannfm11 »

john, the whole game is bailing out banks. They aren't bailing out the Irish banks they are bailing out the idiots on the continent and Europe that bought bonds in the Irish banks to finance real estate boondoggles. There are 300,000 surplus homes in a country of 5 million. The entire derivatives/CDS game was about bankers working on the margin, making loans and then buying default protection and paying themselves bonuses. The entire world banking system is tied together with loans that were made only because the structure was there for the banker putting the deal together to get a fee out of it. This is what sunk AIG and why it was bailed out. Otherwise the entire rigged game of enriching bankers would have fallen apart. Hopefully Ireland will give the EU the finger as well. The average Irish national had nothing to do with this mess. Nor did the average Icelander have anything to do with it. In fact, most of the money lost in Iceland was scammed out of inexperienced Icelandic bankers by wall street types.

Post Reply

Who is online

Users browsing this forum: No registered users and 49 guests