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Cyprus back from the dead after banking collapse

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Re: Cyprus back from the dead after banking collapse

Postby GreekIslandGirl » Tue Feb 25, 2014 9:17 pm

DT. wrote:
GreekIslandGirl wrote:
Cap wrote:
Never forget, banks are JUST businesses


True.
But we chose them simply because they're GREEK banks/businesses.
We'll never take poison, unless it's Greek.


*WE* didn't choose anything (unless you are one of those bankers?).

[In your haste to politicize bankers' decisions, you appear to me to be a simpleton, also.]

They (bankers) are businessmen/women - they chose Greek bonds because there was the possibility of making a killing because the Greek people were kidnapped and forced to pay the highest interest rates.


"We" chose them because they were trading at great discounts offering greater yields. Since the haircut bond managers have returned performances of 100%~110% from 2012 -2013 purely from Greek debt.


Well, there you go! :D
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Re: Cyprus back from the dead after banking collapse

Postby bill cobbett » Tue Feb 25, 2014 9:43 pm

DT. wrote:
GreekIslandGirl wrote:
Cap wrote:
Never forget, banks are JUST businesses


True.
But we chose them simply because they're GREEK banks/businesses.
We'll never take poison, unless it's Greek.


*WE* didn't choose anything (unless you are one of those bankers?).

[In your haste to politicize bankers' decisions, you appear to me to be a simpleton, also.]

They (bankers) are businessmen/women - they chose Greek bonds because there was the possibility of making a killing because the Greek people were kidnapped and forced to pay the highest interest rates.


"We" chose them because they were trading at great discounts offering greater yields. Since the haircut bond managers have returned performances of 100%~110% from 2012 -2013 purely from Greek debt.


Ah but the question that has to answered is the point raised by Cap...

Given similar circumstances, rates of return, risks etc, did "we" buy 4 Billion Euros of, say, Irish or Spanish bonds...???
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Re: Cyprus back from the dead after banking collapse

Postby GreekIslandGirl » Tue Feb 25, 2014 9:48 pm

bill cobbett wrote:
DT. wrote:
GreekIslandGirl wrote:
Cap wrote:
Never forget, banks are JUST businesses


True.
But we chose them simply because they're GREEK banks/businesses.
We'll never take poison, unless it's Greek.


*WE* didn't choose anything (unless you are one of those bankers?).

[In your haste to politicize bankers' decisions, you appear to me to be a simpleton, also.]

They (bankers) are businessmen/women - they chose Greek bonds because there was the possibility of making a killing because the Greek people were kidnapped and forced to pay the highest interest rates.


"We" chose them because they were trading at great discounts offering greater yields. Since the haircut bond managers have returned performances of 100%~110% from 2012 -2013 purely from Greek debt.


Ah but the question that has to answered is the point raised by Cap...

Given similar circumstances, rates of return, risks etc, did "we" buy 4 Billion Euros of, say, Irish or Spanish bonds...???


What part of the fact 'the Greeks were charged the HIGHEST interest rates' do you not understand? It was not the Spanish or the Irish! But the Greeks! The Greeks have been/are being charged the highest interest rates!

The Greeks have made a LOT of foreigners very RICH.
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Re: Cyprus back from the dead after banking collapse

Postby bill cobbett » Tue Feb 25, 2014 10:21 pm

... well, the Greeks have certainly made a lot of CYs Very Poor...!!!
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Re: Cyprus back from the dead after banking collapse

Postby kurupetos » Tue Feb 25, 2014 10:35 pm

bill cobbett wrote:... well, the Greeks have certainly made a lot of CYs Very Poor...!!!

...and tonight they will make some Brits very sad! :mrgreen:
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Re: Cyprus back from the dead after banking collapse

Postby GreekIslandGirl » Tue Feb 25, 2014 11:03 pm

bill cobbett wrote:... well, the Greeks have certainly made a lot of CYs Very Poor...!!!


Really? Not the GC bankers who made the investments (made lots of money) and then got bailed out (and made even more money) ?
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Re: Cyprus back from the dead after banking collapse

Postby CrookedRiverGuy » Tue Feb 25, 2014 11:32 pm



What a perfect timing ;-)

Do you see a physical bank for an extremely volatile virtual currency to be the answer to the Cy recovery?
In what way does it differ from any Opap kiosk?
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Re: Cyprus back from the dead after banking collapse

Postby Get Real! » Tue Feb 25, 2014 11:39 pm

CrookedRiverGuy wrote:


What a perfect timing ;-)

Do you see a physical bank for an extremely volatile virtual currency to be the answer to the Cy recovery?
In what way does it differ from any Opap kiosk?

I’m not pro bitcoin… just a messenger. A lot of things about it don't make sense to me.
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Re: Cyprus back from the dead after banking collapse

Postby kurupetos » Tue Feb 25, 2014 11:40 pm

kurupetos wrote:
bill cobbett wrote:... well, the Greeks have certainly made a lot of CYs Very Poor...!!!

...and tonight they will make some Brits very sad! :mrgreen:

2-0 little Bill... G'nite! 8) :lol:
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Re: Cyprus back from the dead after banking collapse

Postby GreekIslandGirl » Tue Feb 25, 2014 11:41 pm

kurupetos wrote:
kurupetos wrote:
bill cobbett wrote:... well, the Greeks have certainly made a lot of CYs Very Poor...!!!

...and tonight they will make some Brits very sad! :mrgreen:

2-0 little Bill... G'nite! 8) :lol:


:D
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