Assuredly, I do not have a quim pro quo. I do have a lab pro glow, though.
Always knew that fleeb was a lab rat in a maze.
Not that fake spray stuff... mine is guaranteed to be free of the experience of sunlight.
Maybe I'm more zombie-in-a-maze. Not sure.
No good, you'll pay too much on the fish tax.
So what's the solution? The Eurozone was created with so much design by committee, and it seems unlikely that it can be fixed as long as that kind of environment exists. So ... dissolve it? Put one country in charge? Firebomb the UN (just for fun)?
'So there’s a kind of trap. If you imagine yourself as the Prime
Minister of such a country [as Greece], what can you do? For the most
part, I’m afraid, you plead with the troika to make the austerity
demands less severe, you do what you can to accelerate improving
competitiveness (which isn’t much), and you wait for things either to
get gradually better via “internal devaluation” or to get worse and
provide the economic and political environment in which euro exit
becomes a real possibility.'
Things are looking better for Italy since the ECB used the bazooka. Not
perfect, but better. Greece, yeah, they're still hopeless.
TEXT-S&P cuts Greece ratings to 'SD' [ Selective Default ]
How Greece’s default could kill the sovereign CDS market
"The New York Fed today announced that it had finally exited its Maiden
Lane II portfolio — the toxic securities bought at a discount from AIG
in the 2008 bailout — at a healthy profit of $2.8 billion..."
"At all times, Treasury wants what’s best for AIG’s share price, so that
it can, hopefully sooner rather than later, sell off its entire 77%
stake in the company at some kind of profit... So unless and until AIG
gets sold, expect Treasury to continue to shower it with as much
regulatory forbearance as it can possibly corral."
Yes, sadly a preditable outcome of the hen guarding the foxhouse. err....
How all CDS are at risk of not paying out
Why do people buy these things? Oh yeah, to make their balance sheets look better.
Hm... I suspect our condo assocation has invested in CDs. That'll be lovely.
CD's or CDS? ;-P
Not compact disks, but certificate of deposits.
Awkwardly, regardless of which one you mean, the plural is still spelled CDs.