Will Obama save Greece ( bailout?)

[longbow]

Looks like Greece is leaving the Ez and will not be part of the Euro. Will Obama burn billions to bail it out and prevent a market adjustment?


I say let it fall, and let them rebuild!

 

[ATOMonkey]

Not directly. I'm sure the Federal Reserve will be in there buying up Greek debt hand over fist.

 

[deanald2pt0]

Either way, I think the results will be the same, they will fail.

 

[CarmelHP]

The dike can be plugged only so many times.

 

[starbreather]

Would anyone really be surprised if he did? He was already done so much on his own with out following the constitution, why would this be different.

 

[zippy23]

obama

obama cannot allow the economy to get any worse so they will print or put us into more debt to make it look like obama cares about the world. its pathetic, they retire at 55 or something stupid like that and expect everyone to pay for them, typical liberals

 

[Regionnus Rattis]

doubt it

 

[JR50]

Look for the International Monetary Fund (IMF) to act. And who is the giant contributor?

This doesn't look like a job for the IMF as much as the other IMF, the Impossible Missions Force.

 

[us_agent]

the further i get down the rabbit hole, sometimes i wish i'd of never gone down it in the first place..

 

[IndyDave1776]

the further i get down the rabbit hole, sometimes i wish i'd of never gone down it in the first place..

Even if the truth is disturbing, I would rather deal with an unpleasant truth than live enshrouded in a happy fiction.

 

[longbow]

Update: Nope ....they are out of the Euro by June 18

From what I just read, no one knows......Obama was trying something at Camp David, but Germany was not in with it.....

Might be an IPO for Greece and hope it goes better than face book. Anyone want to buy stock and own a little piece of Greece?

 

[IndyDave1776]

From what I just read, no one knows......Obama was trying something at Camp David, but Germany was not in with it.....

Might be an IPO for Greece and hope it goes better than face book. Anyone want to buy stock and own a little piece of Greece?

The problem is that these days Greece is about as valuable as grease.

 

[longbow]

Greece is out of the EZ by June 18.....

Stocks should rise, gas will fall and the dollar with strengthen until the banking issues hit home. Spain is next with Italy and Portugal not far behind, from what I have been following. Obama will do his best to hold them together until after the election.

This will hurt US based companies involved in exports.

It will be interesting to watch where the Euro's go.

If you are a risk taker, short the Euro against dollars.

one dollar today is 1.25 euros.

Election day one dollar is .95 euros

 

[handgun]

I dont see how he can or could.

 

[indykid]

obama-messiah can save Greece by making them the official 51st state.Then they can apply for welfare and get US money for not working like so many people here in the lower 48.

 

[ATOMonkey]

I dont see how he can or could.

Federal Reserve.

He did appoint the Chairman.

Treasury issues bonds (Secretary of the Treasury is also appointed), Federal Reserve buys them, viola!! Instant Obama Bucks for his Stash.

Then the President just uses authority already granted to him to provide foreign aid. Bing bang boom.

 

[jeremy]

The problem is that these days Greece is about as valuable as grease.

I would argue that Grease is far more valuable that Greece....

Grease is needed to keep everything moving, whereas Greece seems to just bring everything to a screeching halt...

 

[RockofStrength]

Step 1: Use a NASDAQ "Computer glitch" to cause Greece to suddenly acquire billions of dollars in shorts of Facebook stock.

Step 2: Sell shorts once facebook completely burns to the ground.

Step 3: Default Greece anyway because their economy literally is incapable of functioning without the constant cash flow from the government.

 

[smokingman]

Obama does not have that kind of power.He has no money,and as a country we owe 15 trillion.

No if anyone is going to bail out Greece it will be those who control the money.The Federal Reserve,and anyone holding "US dollars" will pay via a devaluation of the currency(inflation).

Spain and JP Morgan are much higher on my list of worries right now though.
JPM has 50 trillion in derivatives ready to blow up.
They lost "2 billion" when the reality is they lost 22 billion in the last 5 weeks.The original profit they made(20 Billion on paper)plus the 2 billion loss.IE in reality they lost 22 billion.More information here---->Harvey Organ: JPM Unwinding IRSwaps, Losses 'COULD BRING DOWN THE WHOLE FINANCIAL SYSTEM' - Silver Doctors

Makes Greece look like a match,compared to a million acre forest fire.

Spain was just denied by the ECB from giving Bankia debt to use as collateral for loans from the LTRO fund.IE Bankia fails unless the FEDERAL RESERVE bails them out,which they probably will.