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anesthesiaman
Dec 19 10:37 AM
Be it known that:
I, AnesthesiaMan, a cardiothoracic/general anesthesiologist in Dallas, Texas, do hereby create and coin the new catch phrase for all of Wall Street to use free of charge:
PIIGS R US
That is PIIGS plus Romania and the US.
Thank you for your attention.
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JGBHimself
Dec 19 06:47 PM
We were bluntly told that "Those People" - Like U, should not be read!!!
Stop, immediately, if not sooner, whenever we see CAPITAL and/or CAPITOL letters.
U R worse than those of U.S. who zin, for the pun of it.
Other than that, you really are a "gas".
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JGBHimself
Dec 19 07:07 PM
Do we remember the 80's bank crisis? Oh, yes.
When the largest bank in WA, Seattle First NatBk declared themselves BK, and MUST be sold to an out-of-state BkofA, they told the Leg that they could not recover from US$ 400 Million in bad Oklahoma oil loans. The largest bank in WA was sold to the largest bank in Cal, bcuz of bad loans.
What we pointed out to the WA Senate was that BkofA had at the time something like US$ 500 Billion in bad Brazilian loans, that they could never collect. One Billion for each Sea 1st Million. That BkofA was in fact in worse financial shape than Sea 1st. - both were technically BK. They voted for the sale, they said, bcuz they had to - save Sea 1st.
Oddly, BkofA/Sea1st still exists - with US$ Trillions in bad Countrywide RE debts - not just, in Californicate, U.S. Now, isn't that too funny - for words or numbers?
So, you do see, kicking the can full of Shiites onto someone else's property sometimes does work.
==========What we pointed out to the WA Senate was that BkofA had at the time something like US$ 500 Billion in bad Brazilian loans, that they could never collect. One Billion for each Sea 1st Million. That BkofA was in fact in worse financial shape than Sea 1st. - both were technically BK. They voted for the sale, they said, bcuz they had to - save Sea 1st.
Oddly, BkofA/Sea1st still exists - with US$ Trillions in bad Countrywide RE debts - not just, in Californicate, U.S. Now, isn't that too funny - for words or numbers?
So, you do see, kicking the can full of Shiites onto someone else's property sometimes does work.
These are three "Greasy" charts.
If the meanings are too slippery for you, try reading the article.
Well worth doing.
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Europe: Kicking the Can Down the Road
http://seekingalpha.com/article/242580-europe-kicking-the-can-down-the-road?source=dashboard_macro-view
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