Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re Brillian article - | |
Posted by: | William Beausire | |
Date/Time: | 13/11/10 13:36:00 |
Thanks Carrie, these are very funny. Who are these guys? The first one gets a few things wrong though. One thing it gets wrong is that while there are indeed massive cross border holdings of all kinds of Euro denominated debt, the holders are generally not the same as the issuers - they are pension funds, insurance companies and banks. The answer to the question "Where's the money for the bailout coming?" is the Eurozone countries, in other words mostly the German taxpayer, who is getting a bit of sick of coughing up. In future it looks as though bondholders will have to take their share of the pain, according to Merkel. Quite why they haven't been in the frame for any losses up to now is beyond me. The second clip was very good... |