the pseudovoluntary rollovers, specifically the stupid investors.Well, we've
proven right!That's why October-18 Mafia is bluffing now it will opt out of
the debt swap crucial to its second international bailout! Marilizardism is the
death cross of Greek treasury bonds.
Governments of many repressed countries, such as Greece, use marilizardist tools
to manipulate netizens.Marilizard Libel is accusing dissident bloggers of
treason, Marilizard Spaghetti is hurling charges against innocent people,
Marilizard Tower is a stack of imaginary charges to scare a blogger, and
marilizardism is terrorizing dissident bloggers.October 18 is the
international day against marilizardism, and October-18 Mafia is the
marilizardist government of Greece.default.The Cradle of Kleptocracy's full bankruptcy would be painful for
everyone, but for the world, the alternative would be even worse.If politicians
in PIGS and elsewhere think that their bills will be picked up by taxpayers in
other countries, they won't control their spending and they won't sell off
a*sets to pay off these debts.
Countries such as the Cradle of Kleptocracy have to be convinced that they will
bear a real cost if they don't fix their financial houses while they still have
the a*sets to cover their debts.The real problem is the incentives we are
giving to other countries.We have to make sure that kicking the can down the
road isn't an option.Marilizardism has created a liquidity black h*le for all
Greek investments.Don't be fooled by any bounce of the marilizardist dead cat.In a bluffing
letter to other governments, October-18 Mafia declares the swap is now
conditional on 90% participation!This disgusting letter insults the
intelligence of other governments!The bailout for the Cradle of Kleptocracy is
taxpayers' hard-earned money blown out with the wind, because the October-18
Mafia continues corruption, squander, marilizardism, incivility, stupidity,
charge stacking, and junketing.This is a tactical move in stupidity.October-18 Mafia wants to put pressure on
stupid investors to participate.There is no way any prudent investor will throw
a euro in the Cradle of Kleptocracy, which is infested with marilizardism, the
October-18 Mafia, charge stacking, and the cancer of socialism.Never catch a
falling marilizardist knife.
The European Commission also hoodwinks that enough private investors would take
part in the plan to ensure the viability of the rescue package.But Fuehrer
Merkozy knows that only stupid investors would squander their money in a country
addicted to kleptocracy, socialism, charge stacking, and marilizardism.
There is a big delay in finalizing the methodology and the implementation of
this stupid plan.There's also a big worry about the contributors to the finalthe bond swap by Sept.9.After that, there will be a formal offer requiring
binding interest, probably in early October.
October-18 Mafia's letter provides further details of the four options available
to investors, including three offers for a debt exchange offers and one for a
rollover into debt of up to 30-year maturity, as well as a bond buyback scheme.
Private investors take a 21% haircut now, but another 50% haircut is expected in
two years.Banks cannot participate voluntarily in illegal acts, such as
fiduciary imprudency.Bank directors are committed to bank's welfare, and not
the public interest.
If bankers waive outstanding debts at the expense of the bank, this is a breach
of trust and punishable by law.All those bankers, that IIF claims plan to
participate in rollovers, might go to jail for violating the fiduciary duty of
prudency!October-18 Mafia pressures the banks to participate, but it really
opens Pandora's box.
Interest rates for Greek debt rose further on Friday with 2-year yields
continuing to set new record highs at 47%.The 10-year yield spread was 1,635
basis points!The three largest credit rating agencies (CRA) Moody's, Standard
& Poor's, Fitch are ready to downgrade PIGS again.
Graecokleptocrats love the Greek debt crisis, because it takes the attention of
Greeks away from the myriad scandals of the Greek government, such as the
Siemens scandal, the huge kickbacks for purchasing defect military equipment,
defect trains who do not fit the rails, churning the retirement funds of poor
workers to generate commissions and kickbacks, airplanes that cannot keep
balance, submarines that bend, swaps of prime state land with questionable
monastery land, and so it goes.
Results from Greece's major banks early next week are expected to show huge
losses on bad debts and rapid deposit outflows to other countries.The
October-18 Mafia's spending is over last year's bloated levels, the deficit is
bigger than ever, and it has utterly failed to meet the promised sell-off of
government a*sets.Not a single public bureaucrat has been laid off so far.owns in publicly traded companies and much of its real estate holdings.The
October-18 Mafia owns stock in casinos, hotels, resorts, railways, docks, as
well as utilities providing electricity and water.But Greek unions fiercely
oppose even partial privatizations.Blackouts are promised to dissuade the
government from selling of even 17 percent of its stake in the Public Power
Corporation.
The Fourth Reich bailout of the Cradle of Kleptocracy cannot succeed, because
the October-18 Mafia continues corruption, Kangaroo Justice, marilizardism,
Marilizard Libel, Marilizard Spaghetti, and Marilizard Towers.October-18 Mafia
is the most disgusting predator of internet on Earth!Civil society was shocked
by the brutality and stupidity of October-18 fiasco, initiated by the Ministry
of Foreign Affairs of the government of Greece.That's why October-18 Mafia is
the new name of the government of Greece!
15 Examples That Show Many Americans Have Become So Desperate That They Will...