tag:blogger.com,1999:blog-830201814627063938.post5350458381445571169..comments2024-03-22T11:05:30.869+00:00Comments on Financial crisis? <br>It's a pyramid, stupid.: Greeks' upper handUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-830201814627063938.post-39954541043127969412011-06-29T11:11:13.123+01:002011-06-29T11:11:13.123+01:00it's all rather symbolic don't you think? ...it's all rather symbolic don't you think? ...reginaldhttps://www.blogger.com/profile/16269695137883231301noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-39140255361236092232011-06-29T09:49:34.582+01:002011-06-29T09:49:34.582+01:00what kind of collateral do you need to buy debt?what kind of collateral do you need to buy debt?reginaldhttps://www.blogger.com/profile/16269695137883231301noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-87238206625346337302011-06-28T15:58:41.660+01:002011-06-28T15:58:41.660+01:00When we borrow money, we usually put up some colla...When we borrow money, we usually put up some collateral.<br />What collateral did the Greeks or USA have?<br /><br />If they had none, how was it possible that money was lent?<br />Of course, if no collateral was offered, then the debt cannot be recovered.. let the creditors face the loss.ronhttps://www.blogger.com/profile/13885661137371524688noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-5718092213409586892011-06-24T09:51:22.636+01:002011-06-24T09:51:22.636+01:00Some readers already expressed the doubt whether i...Some readers already expressed the doubt whether it is possible to insure Greek debt against default. Here is today's story in WSJ:<br /><br />http://online.wsj.com/article/SB10001424052702304569504576405063053263344.html?mod=googlenews_wsj<br /><br />So Greeks can insure their debt and default on it. Of course without making this too obvious:-)Greg Pytelhttps://www.blogger.com/profile/15749997788308388129noreply@blogger.com