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Re: Merkel: â��Incalculableâ�� Damage If 

By: ribit in ROUND | Recommend this post (1)
Tue, 28 Feb 12 11:16 PM | 46 view(s)
Boardmark this board | De's Test Board 		Msg. 39265 of 45651
(This msg. is a reply to 39261 by Decomposed)
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decomp
...there is only one solution to all this debt. We must find out who we owe it to and kill em.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Re: Merkel: �Incalculable� Damage If Greek Plan Rejected
By: Decomposed in ROUND
Tue, 28 Feb 12 10:22 PM 		Msg. 39261 of 45651

re: "IMHO, all these bailouts are doing is stalling the inevitable."

Hard to say. In a world where nameless entities simply PRINT money, why shouldn't Greece be bailed out? Why not bail out homeowners and folks without medical insurance, too? (Oh, yeah, we ARE doing the latter.) It's not like it's THEIR wealth that's being redistributed or anything.

On the other hand, defaults of one sort or another are coming. Either Greece refuses to pay its bills, or it accepts a bailout that includes a hefty hit to those owning Greek debt, or the EU expands its own debt (upon which it will eventually default.) and bails Greece out FOR NOW.

IMO, the best situation is for Greece to default. Right now. Sock it to those who were stupid enough to take on Greek debt in the first place. The problem should rightfully belong to them.

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